Gold miners Yamana Gold (NYSE:AUY), Gammon Gold (NYSE:GRS), Minco Gold Corporation (AMEX:MGH), Compania Mina Buenaventura, S.A (NYSE:BVN) and Kinross Gold Corp (NYSE:KGC) closed up Monday as gold prices turned around on Monday.
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.
Yamana Gold (NYSE:AUY) closed Monday at $11.94, gaining $0.14, or 1.19 percent.
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