Gold Prices Tick Up Despite Dollar's Rise

Mining stocks, a more leveraged way to invest in gold, were mixed. Large cap miners Barrick Gold(ABX) and Newmont Mining(NEM) were trading at $36.30 and $44.40, respectively. Kinross Gold(KGC) was down 0.29% to $17.34.

Shares of Freeport McMoRan Copper & Gold(FCX) were down 2.72% to $72.67 while Southern Copper(PCU) was also lower by 2.50% at $29.29.

Iamgold(IAG) was sinking 0.78% to $14 after the company announced Monday a 17% increase in year over year in proven and probable gold reserves. Small-cap miner Taseko Mines(TGB) was dropping 1.47% to $4.70. The company received its long awaited environmental assessment certificate for its gold and copper project in British Columbia. The next step for Taseko is receiving Federal approval and subsequent mine permit.

Shares of SPDR Gold Shares(GLD) were flat at $107.53. Tonnage of the popular physically backed ETF has remained at 1,111 since last Tuesday as investment demand tapered off.

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--Written by Alix Steel in New York.

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