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Gold Prices Settle at Record High

Silver prices settled 40 cents higher to $19.18 while copper ended down 2 cents at $2.88 weighed down by the World Bank's prediction that China's economy could slow this year and next after popping 11.9% in the first quarter of 2010. China has been credited with jump-starting the global economic recovery and investor fear that any tightening in spending will hurt demand for base metals used in construction.

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Gold mining stocks, a more risky and more profitable way to invest in gold, were rising. Agnico-Eagle (AEM) was adding 2.06% to $64.97 while Eldorado Gold (EGO) was slipping slightly to $18.12. Other gold miners New Gold (NGD) and NovaGold (NG) were trading at $6.67 and $7.44, respectively.

More on Gold
Gold Price News
How to Invest in Gold

--Written by Alix Steel in New York.

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Stock quotes in this article: NEM, GLD 
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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