Gold futures for February delivery added 0.3% to $1,251.10 per ounce on Monday, according to CME Group. Gold traded as high as $1,255.30 and as low as $1,243. Bullion closed in London at $1,251, according to BullionVault.
Silver futures for March delivery increased 0.8%, to $20.39 per ounce. Monday’s high for silver was $20.47, while the low was $19.96.
Metal funds improved on Monday.
- The SPDR Gold Shares (GLD) rose 0.6%.
- The iShares Gold Trust (IAU) climbed 0.7%.
- The iShares Silver Trust (SLV) gained 1.6%.
Mining ETFs advanced during the day.
- The Market Vectors Gold Miners ETF (GDX) added 2.9%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) surged 5.8%.
- The Global X Silver Miners ETF (SIL) grew 2.9%.
Gold stocks mostly climbed on Monday.
- Agnico-Eagle Mines (AEM) jumped 5%.
- Barrick Gold (ABX) edged up 0.1%.
- Eldorado Gold (EGO) surged 5%.
- Goldcorp (GG) sank 0.3%.
- Kinross Gold (KGC) added 1.8%.
- Newmont Mining (NEM) inched up 0.3%.
- NovaGold Resources (NG) improved 4.7%.
- Yamana Gold (AUY) gained 2.8%.
Silver mining shares moved higher during the day.
- Coeur d’Alene Mines (CDE) added 1.9%.
- Hecla Mining (HL) increased 2.1%.
- Pan American Silver (PAAS) gained 1.8%.
- Silver Wheaton (SLW) rosed 2%.
- Silver Standard Resources (SSRI) improved 2.1%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.