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Gold Prices Slip on Obama's Mixed 'Fiscal Cliff' Message (Update 1)

Though eurozone issues have settled down in recent weeks, Standard & Poor's raised its rating late Tuesday on Greece to B minus from selective default. The ratings agency said it elevated the country's rating because eurozone nations had exhibited a strong commitment to keep Greece as a euro-currency member.

Gold mining stocks were mostly lower on Wednesday. Shares of Eldorado Gold (EGO - Get Report) were decreasing 2.6%, and shares of Royal Gold (RGLD - Get Report) were shedding 1.8%.

Among volume leaders, Yamana Gold (AUY - Get Report) was tacking on 0.06%, while Barrick Gold (ABX) was off 0.38%.

Gold ETF SPDR Gold Trust (GLD) was ticking slightly lower by 0.32%, while iShares Gold Trust (IAU) was down 0.32%.

-- Written by Joe Deaux in New York.

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SYM TRADE IT LAST %CHG
AUY $3.61 0.00%
EGO $4.82 0.00%
GLD $114.02 0.00%
IAU $11.49 0.00%
RGLD $64.54 0.00%

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

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