Gold Climbs as U.S. Dollar Stalls

by Christopher Freeburn | July 8, 2013 4:43 pm

Gold Silver GLD IAU SLV[1]Gold rebounded in Monday trading as the U.S. dollar cooled against other currencies.

The precious metal recovered some of the ground lost in Friday trading after the U.S. posted better-than-expected June employment numbers.

Gold futures for August delivery climbed 1.8% to $1,234.90 per ounce on Monday, according to CME Group[2]. Gold traded as high as $1,237.40 and as low as $1,214.40. Gold bullion closed in London at $1,238, according to BullionVault[3].

Silver futures for August delivery rose 1.6% to $19.03 per ounce. Monday’s high for silver was $19.23 while the low was $18.71.

Gold and silver funds gained in Monday trading.

Gold and silver mining ETFs mostly declined during the day.

Gold mining shares were mostly lower on Monday.

Silver mining shares mostly slid during the day.

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.

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