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 . Gold traded as high as $1,322.40 and as low as $1,310.80. Bullion closed in London at $1,316, according to .
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.
- The SPDR Gold Shares () dipped 0.1%.
- The iShares Gold Trust () slid 0.1%.
- The iShares Silver Trust () dropped 1%.
Mining ETFs rose during the day.
- The Market Vectors Gold Miners ETF () gained 3.1%.
- The Market Vectors Junior Gold Miners ETF () added 2.1%.
- The Global X Silver Miners ETF () increased 1.9%.
Gold stocks improved strongly on Monday.
- Agnico-Eagle Mines () gained 2%.
- Barrick Gold () rose 1.6%.
- Eldorado Gold () moved down 3.2%.
- Goldcorp () added 3%.
- Kinross Gold () climbed 3.9%.
- Newmont Mining () surged 5.2%.
- NovaGold Resources () moved up 3.8%.
- Yamana Gold () gained 1.3%.
Silver mining shares advanced during the day.
- Coeur d’Alene Mines () added 2.9%.
- Hecla Mining () was flat.
- Pan American Silver () increased 2%.
- Silver Wheaton () edged up 0.3%.
- Silver Standard Resources () slid 1.3%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
