Gold and Silver Report: NEM Stock Sinks as Gold Prices Edge Higher

Gold prices settled fractionally higher in Monday trading, the metal’s first gain in three sessions.

gold and silver NEM stockOn a mixed day for miners, Newmont Mining () declined harder than other mining stocks. NEM stock ended the day down almost 3%.

Gold futures for June delivery added 40 cents to $1,293.80 per ounce on Monday, according to . Gold prices were as high as $1,305.70 and as low as $1,289.50. Bullion closed in London at $1,295, according to .

Silver futures for July delivery inched up 0.1% to $19.35 per ounce. Monday’s high for silver was $19.69, while the low was $19.31.

Here’s how metal-based funds and mining stocks fared on Monday:

Gold and Silver Funds

  • The SPDR Gold Shares () rose 0.1%.
  • The iShares Gold Trust () was flat.
  • The iShares Silver Trust () added 0.1%.

Gold and Silver Mining ETFs

  • The Market Vectors Gold Miners ETF () was flat.
  • The Market Vectors Junior Gold Miners ETF () slipped 0.3%.
  • The Global X Silver Miners ETF () gained 0.6%.

Gold Miners

  • Agnico Eagle Mines () advanced 0.3%.
  • Barrick Gold () declined 0.4%.
  • Eldorado Gold  rose 0.2%.
  • Goldcorp () sank 0.2%.
  • Kinross Gold () climbed 2%.
  • NEM stock dropped 2.7%.
  • NovaGold Resources () climbed 1%.
  • Yamana Gold () added 1.5%.

Silver Miners

  • Coeur d’Alene Mines () gained 1.1%.
  • Hecla Mining () slipped 0.2%.
  • Pan American Silver () edged up 0.2%.
  • Silver Wheaton () gained 1.5%.
  • Silver Standard Resources () climbed 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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