This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mining Stocks Follow Gold Prices Higher

NEW YORK (AP) â¿¿ Shares of some of the big mining companies rose Monday along with the price of gold.

Gold for December delivery climbed $6.90, or 0.4 percent, to finish at $1,616.20 an ounce. Silver and copper prices were higher too.

The market for gold might have been lifted by a decline in the dollar. The euro hit a one-month high against the dollar, to $1.2399 in late trading Monday.

Gold is often priced in dollars, so weakness in the dollar can boost demand for gold from dealers in other currencies.

Shares of Newmont Mining Corp. rose $1.46 or 3.3 percent, to close at $46.13. Barrick Gold Corp. gained 61 cents to end at $33.36. Randgold Resources Ltd. rose $2.40, or 2.7 percent, to close at $93.03. Yamana Gold Inc. rose 34 cents, or 2.3 percent, to finish at $15.12. Agnico-Eagle Mines Ltd. rose $1.16, or 2.7 percent, to close at $44.81.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs