Miners (NXG) (KGN) (GG) (AEM) (IVN) Trade Up as Gold, Silver Rebound

Gold miners Northgate Minerals (AMEX:NXG), Keegan Resources Inc (AMEX:KGN), Goldcorp (NYSE:GG), Agnico-Eagle (NYSE:AEM) and Ivanhoe Mines Ltd. (NYSE:IVN) 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.

Ivanhoe Mines Ltd. (IVN) closed Monday at $25.56, gaining $1.38, or 5.71 percent.