Miners Advance as Gold Prices Surge (ABX) (NEM)

Gold miners gained Monday as the spot price of gold surged over $1308 per ounce, spurring gains in Barrick Gold (NYSE: ABX), Newmont Mining (NYSE: NEM), Goldcorp (NYSE: GG), and other related names like Agnico Eagle Mines (NYSE: AEM), Kinross Gold (NYSE: KGC), and Yamana Gold (NYSE: AUY).

Market Vectors Gold Miners ETF (NYSE: GDX) surged 2.75%, while SPDR Gold Trust (NYSE: GLD) climbed 1.2%.

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