Gold gained in Monday trading after the government reported weak U.S. consumer spending for March and a low reading on inflation. The reports convinced investors that the Federal Reserve would continue its current economic stimulus policies for the immediate future.

Gold futures for June delivery climbed 0.9% to $1,467.40 per ounce on Monday, according to CME Group. Gold traded as high as $1,478.30 and as low as $1,461.6. Gold bullion closed in London at $1,474, according to BullionVault.

Silver futures for June delivery rose 1.6% to $24.15 per ounce. Monday’s high for silver was $24.39, while the low was $23.95.

Gold and silver funds advanced in Monday trading.

• The SPDR Gold Trust (NYSE:GLD) rose 1%.
• The iShares Gold Trust (NYSE:IAU) gained 0.9%.
• The iShares Silver Trust (NYSE:SLV) increased 1.9%.

Gold and silver mining ETFs moved higher during the day.

• The Market Vectors Gold Miners ETF (NYSE:GDX) climbed 1.5%.
• The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) improved 1.2%.
• The Global X Silver Miners ETF (NYSE:SIL) added 1.3%.

Gold mining shares were mixed on Monday.

• Agnico-Eagle Mines (NYSE:AEM) dipped 0.3%.
• Barrick Gold (NYSE:ABX) surged 3.9%.
• Eldorado Gold (NYSE:EGO) gained 1.8%.
• Goldcorp (NYSE:GG) was flat.
• Kinross Gold (NYSE:KGC) sank 0.9%.
• Newmont Mining (NYSE:NEM) rose 1.5%.
• NovaGold Resources (AMEX:NG) was unchanged.
• Yamana Gold (NYSE:AUY) fell 0.6%.

Silver mining shares moved higher.

• Coeur d’Alene Mines (NYSE:CDE) added 1.2%.
• Hecla Mining (NYSE:HL) grew 0.9%.
• Pan American Silver (NASDAQ:PAAS) inched up 0.4%.
• Silver Wheaton (NYSE:SLW) improved 1.7%.
• Silver Standard Resources (NASDAQ:SSRI) gained 0.6%.

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.