Shares of gold and silver companies followed precious metals lower Monday, as the Philadelphia Gold & Silver Index (XAU) dropped 1.42 points, or 0.6%, to 219.84.
The modest weakness in the XAU came as gold bullion dipped $3.10, or 0.2%, to $1,382.03 per ounce, while silver fell $0.08, or 0.3%, $29.25 per ounce.
Notable decliners included XAU components Barrick Gold (ABX), Goldcorp (GG), Pan American Silver (PAAS), and Silver Wheaton (SLW). In morning trading ABX, GG, PAAS, and SLW retreated 0.6%, 1.0%, 1.7%, and 0.9%, respectively.
The Toronto Stock Exchange and TSX Venture Exchange in Canada are closed today in observance of Christmas.
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