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Gold Prices Rise Amid Eurozone Turbulence (Update 1)

"If you look at a daily chart, we're forming this giant triangle pattern and I think we have a couple more weeks back and forth, and then some catalyst is going to happen and that's going to be the direction from that point forward," said Streible.

Gold mining stocks were mostly higher on Monday. Shares of Randgold Resources (GOLD - Get Report) were rising 3.2%, while shares of Newmont Mining (NEM - Get Report) were gaining 0.98%.

Among volume leaders, Barrick Gold (ABX - Get Report) was up 0.19%, but Kinross Gold (KGC) was off 0.51%.

Gold ETF SPDR Gold Trust (GLD) was increasing 0.43%, while iShares Gold Trust (IAU) was up 0.41%.

-- Written by Joe Deaux in New York.

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SYM TRADE IT LAST %CHG
ABX $13.07 0.00%
GOLD $75.79 0.00%
GLD $113.08 0.00%
IAU $11.39 0.00%
NEM $26.49 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

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