Gold futures edged higher in a session marked by low trading volume due to the Bank Day holiday in London.
Comments from European Central Bank President Mario Draghi, signaling a willingness to cut interest rates even more to keep the eurozone economy from stalling, had little effect on traders.
Gold futures for June delivery climbed 0.2% to $1,468 per ounce on Monday, according to . Gold traded as high as $1,478.40 and as low as $1,463.80. Gold bullion closed in London at $1,472, according to BullionVault.
Silver futures for June delivery slipped 0.2% to $23.94 per ounce. Monday’s high for silver was $24.37, while the low was $23.82.
Gold and silver funds were listless in Monday trading.
- The SPDR Gold Trust (NYSE:) was flat.
- The iShares Gold Trust (NYSE:) was unchanged.
- The iShares Silver Trust (NYSE:) fell 0.5%.
Gold and silver mining ETFs were mixed during the day.
- The Market Vectors Gold Miners ETF (NYSE:) was unchanged.
- The Market Vectors Junior Gold Miners ETF (NYSE:) rose 0.3%.
- The Global X Silver Miners ETF (NYSE:) sank 1.1%.
Gold mining shares were also mixed on Monday.
- Agnico-Eagle Mines (NYSE:) slid 0.9%.
- Barrick Gold (NYSE:) climbed 1.8%.
- Eldorado Gold (NYSE:) fell 1.8%.
- Goldcorp (NYSE:) was flat.
- Kinross Gold (NYSE:) dipped 0.4%.
- Newmont Mining (NYSE:) rose 0.2%.
- NovaGold Resources (AMEX:) dropped 2%.
- Yamana Gold (NYSE:) inched up 0.1%.
Silver mining shares mostly retreated.
- Coeur d’Alene Mines (NYSE:) dropped 0.7%.
- Hecla Mining (NYSE:) declined 1.2%.
- Pan American Silver (NASDAQ:) slumped 1.4%.
- Silver Wheaton (NYSE:) sank 1%.
- Silver Standard Resources (NASDAQ:) gained 2.4%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
