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Record-High Gold Prices Continue

Silver prices were rising 26 cents to $19.56 while copper was down 2 cents to $3.18. Silver was maintaining its appeal as the "poor man's gold" as investors bought the metal as a cheaper alternative to four-digit gold prices. Copper was largely left out of the precious metal rally as concerns over slowing spending in China weighed on demand for the precious meal.

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Gold stocks, a more risky but more profitable way to invest in gold, were mixed after their big rally Tuesday. Barrick Gold (ABX - Get Report) was down 0.48% to $45.66 while Newmont Mining (NEM - Get Report) was up almost 1% to $58.72. Other large-cap miners Kinross Gold (KGC - Get Report) and Goldcorp (GG - Get Report) were trading at $19.24 and $46.19, respectively.

Shares of Freeport McMoRan Copper & Gold (FCX - Get Report) were up over 3% to $73 while Randgold Resources (GOLD - Get Report) was higher by 1.14% at $90.77.

Shares of the gold ETF, SPDR Gold Shares (GLD) were adding 0.51% to $121.27. The gold ETF did not add any tonnage Tuesday despite a new 52-week high for the stock and record high gold prices. The ETF currently holds 1,192 tons of gold.

More on Gold
Gold Price News
How to Invest in Gold

-- Written by Alix Steel in New York.

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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SYM TRADE IT LAST %CHG
GLD $116.38 0.91%
ABX $13.38 4.50%
FCX $22.76 4.30%
GOLD $77.34 4.20%
GG $19.84 3.40%

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