Gold Prices Climb; Dollar Eases
Gold prices climbed again in the U.S. Tuesday as the greenback shifted lower in value.
Benchmark bullion futures were up $8.60 at $882.70 an ounce in recent action on the Comex division of the New York Mercantile Exchange. The
streetTracks Gold Shares
(GLD) - Get Report
bullion exchange-traded fund was ahead by 0.6%.
As for the precious metals patch, shares of
Barrick Gold
(ABX)
were rising over 2% after the firm reported adjusted quarterly earnings of 62 cents a share, up from 46 cents a year earlier and ahead of Wall Street expectations of 60 cents.
AngloGold Ashanti
(AU) - Get Report
was rallying more than 8% after the company said its cash costs per ounce of gold mined were significantly below expectations during the first quarter, at $430 an ounce vs. the prior guidance of $467. The firm also upped its expected gold output for the year.
In the foreign-exchange market, one euro was buying $1.5555, up from $1.5496 on Monday. One dollar was buying 104.23 Japanese yen, down from 104.78 yen previously. The British pound was selling for $1.9744, up from $1.9715.
The
CurrencyShares Euro Trust
(FXE) - Get Report
and the
CurrencyShares Japanese Yen Trust
(FXY) - Get Report
were rising 0.5% and 0.4%, respectively.
CurrencyShares British Pound Sterling
(FXB) - Get Report
was up 0.3%.