Gold miners NovaGold Resources Inc. (AMEX:NG), Newmont Mining (NYSE:NEM), US Gold (AMEX:UXG), IAMGOLD Corporation (NYSE:IAG) and Aurizon Mines (AMEX:AZK) closed mixed Monday as gold prices turned around on Monday.
All the miners above closed positive with the exception of Aurizon Mines.
Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.
Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.
According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).
The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.
US Gold (UXG) closed Monday at $7.81, gaining $0.30, or 3.99 percent.
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