Commodities
Gold Futures Hit Record High
In mining stocks, shares of Kinross Gold(KGC) were down 1% to $18.22 after the company reported a 16% jump in revenues due to higher spot prices, but a loss of 3 cents a share. Gold production in the third quarter fell 3% as compared to the same period last year. The company had already revised its 2009 gold production forecast to 2.2 million ounces due to production issues as its Paracatu mine.
Hecla Mining(HL) was popping 14.60% to $4.71 after the company reported net income of $22.5 million. Hecla is one of the leading silver producers in the U.S. and production rose over 8% in the third quarter. Shares of Barrick Gold(ABX) and Newmont Mining(NEM)were both surging to $39.04 and $46.44 respectively. Shares of SPDR Gold Shares(GLD) were up 2.31% at $106.37. --Written by Alix Steel in New York.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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