Gold Gains as U.S. Dollar Pulls Back

by Christopher Freeburn | November 4, 2013 4:30 pm

Gold Silver GLD IAU SLV[1]Gold rose slightly in Monday trading as the last week’s U.S. dollar rally faded and the greenback weakened against other currencies.

Gold futures for December delivery edged up 0.1% to $1,314.70 per ounce on Monday, according to CME Group[2]. Gold traded as high as $1,322.40 and as low as $1,310.80. Bullion closed in London at $1,316, according to BullionVault[3].

Silver futures for December sank 0.6% to $21.70 per ounce. Monday’s high for silver was $21.94, while the low was $21.61.

Metal funds declined in Monday trading.

Mining ETFs rose during the day.

Gold stocks improved strongly on Monday.

Silver mining shares advanced 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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