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 . 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.
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.
- The SPDR Gold Trust () rose 1.2%.
- The iShares Gold Trust () also climbed 1.2%.
- The iShares Silver Trust () added 1.1%.
Gold and silver mining ETFs mostly declined during the day.
- The Market Vectors Gold Miners ETF () fell 2.2%.
- The Market Vectors Junior Gold Miners ETF () rose 0.2%.
- The Global X Silver Miners ETF () sank 1%.
Gold mining shares were mostly lower on Monday.
- Agnico-Eagle Mines () climbed 3.3%.
- Barrick Gold () rose 0.2%.
- Eldorado Gold () fell 1.7%.
- Goldcorp () slid 2%.
- Kinross Gold () dropped 3.2%.
- Newmont Mining () moved down 2.7%.
- NovaGold Resources () dipped 0.5%.
- Yamana Gold () sank 1.6%.
Silver mining shares mostly slid during the day.
- Coeur d’Alene Mines () dropped 3.9%.
- Hecla Mining () fell 3.2%.
- Pan American Silver () declined 2.2%.
- Silver Wheaton () rose 0.1%.
- Silver Standard Resources () sank 2.3%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
