Gold stocks shined on Monday. Barrick Mining, Anglogold, Harmony Gold, Gold Fields up over 6%; Newmont up over 4%; Coeur Mining up 3%.
Gold rose for a second day as a weakening US economy increased the chance of a rate cut next month, outweighing progress on ending the government shutdown in Washington.
Spot gold jumped over 2% to trade above $4,100 an ounce at one time on Monday. The precious metal built on gains made on Friday as a measure of US consumer sentiment fell to near the lowest on record, with the shutdown and rising prices souring. A private report the day before signaled a weak labor market.