Gold Gains for Third Consecutive Session

Gold Silver GLD IAU SLVGold inched up in Thursday trading, rising for the third straight session.

Gold futures for February delivery added 0.3% to $1,251.10 per ounce on Monday, according to . Gold traded as high as $1,255.30 and as low as $1,243. Bullion closed in London at $1,251, according to .

Silver futures for March delivery increased 0.8%, to $20.39 per ounce. Monday’s high for silver was $20.47, while the low was $19.96.

Metal funds improved on Monday.

  • The SPDR Gold Shares () rose 0.6%.
  • The iShares Gold Trust () climbed 0.7%.
  • The iShares Silver Trust () gained 1.6%.

Mining ETFs advanced during the day.

  • The Market Vectors Gold Miners ETF () added 2.9%.
  • The Market Vectors Junior Gold Miners ETF () surged 5.8%.
  • The Global X Silver Miners ETF () grew 2.9%.

Gold stocks mostly climbed on Monday.

  • Agnico-Eagle Mines () jumped 5%.
  • Barrick Gold () edged up 0.1%.
  • Eldorado Gold () surged 5%.
  • Goldcorp () sank 0.3%.
  • Kinross Gold () added 1.8%.
  • Newmont Mining () inched up 0.3%.
  • NovaGold Resources () improved 4.7%.
  • Yamana Gold () gained 2.8%.

Silver mining shares moved higher during the day.

  • Coeur d’Alene Mines () added 1.9%.
  • Hecla Mining () increased 2.1%.
  • Pan American Silver () gained 1.8%.
  • Silver Wheaton () rosed 2%.
  • Silver Standard Resources () improved 2.1%.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of  contributed to this report.


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