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Gold Prices Fall on China Yuan News

Silver prices reveresed earlier losses and settled 37 cents lower to $18.80 while copper closed up 5 cents to $2.94.

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Gold mining stocks, a more risky but more profitable way to invest in gold, were losing steam. Agnico-Eagle (AU) was down more than 3% to $62.78 while Eldorado Gold (EGO - Get Report) was losing 2.78% to $17.86. Other gold stock such as Harmony Gold (HMY - Get Report) and Hecla Mining (HL - Get Report) were down at $10.17 and $5.69, respectively.

-- Written by Alix Steel in New York.

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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
AEM $31.73 0.00%
EGO $5.06 0.00%
GLD $113.08 0.00%
HL $3.03 0.00%
HMY $1.94 0.00%

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