Commodities

Gold Prices Still in Downward Trend

Stock quotes in this article:FCX, AUY, GLD 

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Mining stocks, a more leveraged way to invest in gold, were mixed along with broader equities. Large cap miners, Barrick Gold(ABX) and Newmont Mining(NEM) were rising slightly to $36.95 and $44.76, respectively. Kinross Gold(KGC) was rising 0.79% at $17.98.

Shares of small-cap miner Golden Star(GSS) were flat at $2.96 after the stock was upgraded to outperform from market perform at Raymond James.

Dahlman Rose & Co. reiterated its buy rating on Freeport McMoRan Copper & Gold(FCX) after the company reported better than expected earnings. Shares were relatively unchanged at $76.44. Yamana Gold(AUY) was rising 0.93% to $10.88.

Shares of the SPDR Gold Shares(GLD) were slipping 0.43% to $106.84. The ETF has maintained consistent tonnage this week in the face of lackluster investment demand.

--Written by Alix Steel in New York.

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Alix joined TheStreet.com TV in February 2007. Previously, she held positions in film and theater production, management, and legal administration. Alix has a degree in communications and theater from Northwestern University.

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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%
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