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Gold Prices Hit by Profit-Takers

Silver prices settled down 23 cents to $18.31 while copper closed 2 cents lower to $3.04.

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Gold mining stocks, a more risky and more profitable way to invest in gold, were higher. Barrick Gold (ABX - Get Report) was rising 1.24% to $43.12 while Newmont Mining (NEM - Get Report) was adding more than 1.50% to $55.50. Other large gold miners AngloGold Ashanti (AU - Get Report) and Goldcorp (GG - Get Report) were trading higher at $42.80 and $44.18, respectively.

Shares of Freeport McMoran Copper & Gold (FCX - Get Report) were rallying 3.81% to $69.02 while Yamana Gold (AUY - Get Report) was trading more than 2% higher at $10.90.

Shares of the gold exchange-traded fund, SPDR Gold Shares (GLD), were slipping 0.22% to $119.65.

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
ABX $12.76 0.00%
AUY $4.02 0.00%
AU $11.41 0.00%
GG $19.81 0.00%
FCX $20.67 0.00%

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