Gold futures about traded 0.4% higher Monday, with a final bid of $1,613.30 per ounce, according to . Gold prices reached a high of $1,614.80 and a low of $1,603.30. Gold bullion finished at $1,615 per ounce for Monday’s trading session in London, according to BullionVault.
“There is still room for (Federal Reserve) easing if it is required,” Mitsui Precious Metals analyst David Jollie . “There is still a perception that it may be required … the question of when that is, with the US elections approaching, makes it difficult to be super bullish on gold.”
Silver futures traded 0.2% higher Monday, with a final bid of $27.86 per ounce. Monday’s high for silver reached $27.95, and the low was $27.57.
Gold and silver trusts finished up Monday.
- The SPDR Gold Trust (NYSE:) finished up 0.5%.
- The iShares Gold Trust (NYSE:) was 0.5% higher.
- The iShares Silver Trust (NYSE:) gained 0.6%.
Gold and silver mining ETFs jumped Monday.
- The 蜜桃传媒 Vectors Gold Miners ETF (NYSE:) rose 2%.
- The 蜜桃传媒 Vectors Junior Gold Miners ETF (NYSE) finished 2.5% higher.
- The Global X Silver Miners ETF (NYSE:) climbed 2.8%.
Gold mining shares showed varying gains Monday.
- Agnico-Eagle Mines (NYSE:) was up 2.7%.
- Barrick Gold (NYSE:) finished 1.9% higher.
- Eldorado Gold (NYSE:) rose 2.2%.
- Goldcorp (NYSE:) climbed 0.9%.
- Kinross Gold (NYSE:) rose 0.4%.
- Newmont Mining (NYSE:) finished 3.3% higher.
- NovaGold Resources (AMEX:) gained 0.5%.
- Yamana Gold (NYSE:) finished up 2.3%.
Silver mining shares saw sharp gains Monday, with Coeur d’Alene Mines
(NYSE:) the biggest winner.
- Coeur d’Alene Mines soared 8.1%.
- Hecla Mining (NYSE:) finished up 3.3%.
- Pan American Silver (NASDAQ:) was 4.1% higher.
- Silver Wheaton (NYSE:) jumped 2.6%.
- Silver Standard Resources (NASDAQ:) climbed 4.8%.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
