Gold Gains for Third Consecutive Session
by Christopher Freeburn | January 13, 2014 5:00 pm
[1]Gold inched up in Thursday trading, rising for the third straight session.
Gold futures for February delivery added 0.3% to $1,251.10 per ounce on Monday, according to CME Group[2]. Gold traded as high as $1,255.30 and as low as $1,243. Bullion closed in London at $1,251, according to BullionVault[3].
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[4]) rose 0.6%.
- The iShares Gold Trust (IAU[5]) climbed 0.7%.
- The iShares Silver Trust (SLV[6]) gained 1.6%.
Mining ETFs advanced during the day.
- The Market Vectors Gold Miners ETF (GDX[7]) added 2.9%.
- The Market Vectors Junior Gold Miners ETF (GDXJ[8]) surged 5.8%.
- The Global X Silver Miners ETF (SIL[9]) grew 2.9%.
Gold stocks mostly climbed on Monday.
- Agnico-Eagle Mines (AEM[10]) jumped 5%.
- Barrick Gold (ABX[11]) edged up 0.1%.
- Eldorado Gold (EGO[12]) surged 5%.
- Goldcorp (GG[13]) sank 0.3%.
- Kinross Gold (KGC[14]) added 1.8%.
- Newmont Mining (NEM[15]) inched up 0.3%.
- NovaGold Resources (NG[16]) improved 4.7%.
- Yamana Gold (AUY[17]) gained 2.8%.
Silver mining shares moved higher during the day.
- Coeur d’Alene Mines (CDE[18]) added 1.9%.
- Hecla Mining (HL[19]) increased 2.1%.
- Pan American Silver (PAAS[20]) gained 1.8%.
- Silver Wheaton (SLW[21]) rosed 2%.
- Silver Standard Resources (SSRI[22]) improved 2.1%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[23] contributed to this report.
Endnotes:
- [Image]: https://investorplace.com/wp-content/uploads/2011/10/PreciousMetalsRecap.gif
- CME Group: http://www.cmegroup.com
- BullionVault: http://www.bullionvault.com
- GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
- IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
- SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
- GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
- GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
- SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
- AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
- ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
- EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
- GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
- KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
- NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
- NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
- AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
- CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
- HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
- PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
- SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
- SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
- BullionVault: http://www.bullionvault.com/
Source URL: https://investorplace.com/2014/01/gold-gains-third-consecutive-session/