Gold sank slightly on Veterans Day as investors digested last week’s unexpectedly positive October jobs report in the U.S. and an interest rate cut by the European Central Bank.

Economists were surprised by Friday’s employment report, which showed the U.S. adding 204,000 new jobs last month, despite a lengthy U.S. government shutdown. The news raised fears that the Federal Reserve might begin pulling back on its monthly bond-buying earlier than anticipated.

Gold futures for December delivery declined 0.3% to $1,281.10 per ounce on Monday, according to CME Group. Gold traded as high as $1,288.80 and as low as $1,278.10. Bullion closed in London at $1,284, according to BullionVault.

Silver futures for December dipped 0.2% to $21.28 per ounce. Monday’s high for silver was $21.45, while the low was $21.23.

Metal funds edged lower in Monday trading.

• The SPDR Gold Shares (GLD) dipped 0.3%.
• The iShares Gold Trust (IAU) also waned 0.3%.
• The iShares Silver Trust (SLV) slid 0.4%.

Mining ETFs were mostly sank during the day.

• The Market Vectors Gold Miners ETF (GDX) was flat.
• The Market Vectors Junior Gold Miners ETF (GDXJ) slipped 0.3%.
• The Global X Silver Miners ETF (SIL) inched down 0.1%.

Gold stocks were mixed on Monday.

• Agnico-Eagle Mines (AEM) fell 1.8%.
• Barrick Gold (ABX) slipped 0.1%.
• Eldorado Gold (EGO) climbed 3.4%.
• Goldcorp (GG) slid 0.2%.
• Kinross Gold (KGC) was flat.
• Newmont Mining (NEM) inched up 0.1%.
• NovaGold Resources (NG) jumped 7.1%.
• Yamana Gold (AUY) rose 0.9%.

Silver mining shares were also mixed during the day.

• Coeur d’Alene Mines (CDE) gained 2.4%.
• Hecla Mining (HL) rose 2.3%.
• Pan American Silver (PAAS) added 0.9%.
• Silver Wheaton (SLW) sank 0.2%.
• Silver Standard Resources (SSRI) fell 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.