Metals and Mining
Gold Price Rallies; Euro Rises
The price of silver was up 23 cents to $18.23 while copper was adding 2 cents to $3.51.
Mining stocks, a more leveraged way to invest in gold , were reversing earlier losses and trading modestly higher. Barrick Gold(ABX) was trading up 0.47% to $40.36 while Newmont Mining(NEM) was adding 0.69 % to $52.74. Other large cap miners Kinross Gold(KGC) and Goldcorp(GG) were trading at $18.09 and $40.43, respectively.
Shares of Freeport McMoRan Copper & Gold(FCX) were down 1.04% at $79.66 while AngloGold Ashanti(AU) was adding 2.08% to $39.81. Anglo's banking group made $1 billion available to Anglo so the company could refinance its revolving credit.
The gold ETF SPDR Gold Shares(GLD) was up 1.07% to $113.04. The ETF lost almost one ton Thursday which was the first movement in two weeks.
--Written by Alix Steel in New York.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
|
|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
-0.22%
|
-0.07%
|
-0.80%
|
Data delayed 20 minutes |
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