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Gold Prices Gain Ahead of Election Day

Any setback in gold may be short-term, as many analysts still suggest that global quantitative easing will continue as the overwhelming central banking policy. The prospects of easing remain on the table in Europe, where finance ministers are figuring out the next steps with Greece and as Spain waits to ask for aid from the European Central Bank.

Gold mining stocks were mixed Monday. Shares of Agnico-Eagle Mines (AEM - Get Report) were rising 2.4%, but shares of Eldorado Gold (EGO - Get Report) were off 0.98%.

Among other mining stocks, Barrick Gold (ABX - Get Report) was increasing 0.49%, as Kinross Gold (KGC - Get Report) was flat.

Gold ETF SPDR Gold Trust (GLD) was gaining 0.28%.

-- Written by Joe Deaux in New York.

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ABX $12.52 0.00%
AEM $29.82 0.00%
EGO $4.70 0.00%
GLD $113.05 0.00%
KGC $2.30 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

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