Gold recovered modestly on Monday after falling sharply last week as the U.S. presidential election — and a decision about future American economic policy — loomed.
Gold futures for December delivery rose to $1,683.20 on Monday, according to CME Group. Gold traded as high as $1,686.20 and as low as $1,672.50. Gold bullion closed in London at $1,688, according to BullionVault.
Silver futures for December delivery also gained, closing up at $31.13 per ounce. Monday’s high for silver was $31.23, while the low was $30.66.
Gold and silver funds moved higher in Monday trading.
- The SPDR Gold Trust (NYSE:) rose 0.4%.
- The iShares Gold Trust (NYSE:) also gained 0.4%.
- The iShares Silver Trust (NYSE:) increased 0.7%.
Gold and silver mining ETFs retreated during the day.
- The Market Vectors Gold Miners ETF (NYSE:) fell 0.7%.
- The Market Vectors Junior Gold Miners ETF (NYSE:) dipped 0.5%.
- The Global X Silver Miners ETF (NYSE:) slid 0.9%.
Gold mining shares were mixed on Monday, with NovaGold Resources (NYSE:
) falling the most.
- Agnico-Eagle Mines (NYSE:) climbed 2%.
- Barrick Gold (NYSE:) fell 0.9%.
- Eldorado Gold (NYSE:) dropped 1.7%.
- Goldcorp (NYSE:) rose 0.5%.
- Kinross Gold (NYSE:) declined 1.6%
- Newmont Mining (NYSE:) fell 0.7%.
- NovaGold Resources tumbled 2.8%.
- Yamana Gold (NYSE:) edged up 0.2%.
Silver mining shares declined on Monday.
- Coeur d’Alene Mines (NYSE:) jumped 2.5%.
- Hecla Mining (NYSE:) slipped 0.3%.
- Pan American Silver (NASDAQ:) retreated 1.7%.
- Silver Wheaton (NYSE:) fell 1.3%.
- Silver Standard Resources (NASDAQ:) plunged 4.6%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
