Gold fell slightly in Monday trading. Investors are awaiting the outcome of the Federal Reserve’s Federal Open ÃÛÌÒ´«Ã½s Committee meeting, which begins on Tuesday, for signals about any further tapering of the Fed’s monthly bond-buying.
Gold futures for February delivery dipped 0.1% to $1,263.40 per ounce on Monday, according to . Gold traded as high as $1,279.80 and as low as $1,256.20. Bullion closed in London at $1,259, according to .
Silver futures for March delivery rose 0.1%, to $19.79 per ounce. Monday’s high for silver was $20.09, while the low was $19.68.
Metal funds moved lower on Monday.
- The SPDR Gold Shares () fell 1.1%.
- The iShares Gold Trust () slid 1.1%.
- The iShares Silver Trust () dropped 1.5%.
Mining ETFs sank during the day.
- The ÃÛÌÒ´«Ã½ Vectors Gold Miners ETF () declined 3.3%.
- The ÃÛÌÒ´«Ã½ Vectors Junior Gold Miners ETF () tumbled 5.2%.
- The Global X Silver Miners ETF () faded 3.7%.
Gold stocks pulled back on Monday.
- Agnico-Eagle Mines () fell 2.6%.
- Barrick Gold () declined 2.6%.
- Eldorado Gold () dropped 4.8%.
- Goldcorp () slid 3.2%.
- Kinross Gold () faded 2.8%.
- Newmont Mining () decreased 3.4%.
- NovaGold Resources () tumbled 6.2%.
- Yamana Gold () waned 3.5%.
Silver mining shares retreated during the day.
- Coeur d’Alene Mines () plunged 5.8%.
- Hecla Mining () sank 4.4%.
- Pan American Silver () dropped 5.2%.
- Silver Wheaton () sank 2.9%.
- Silver Standard Resources () dove 5.9%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
