Miners (MY) (GSS) (SA) (TRE) (GFI) Trade Up as Gold, Silver Rebound

Gold miners Harmony Gold Mining (NYSE:HMY), Golden Star Resources (AMEX:GSS), Seabridge Gold (Amex:SA), Tanzanian Royalty Exploration (AMEX:TRE) and Gold Fields (NYSE:GFI) 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.

Golden Star Resources (GSS) closed Monday at $2.90, gaining $0.14, or 5.07 percent.