Gold Mining Company Shares Down on Dollar Rally

Shares in gold mining companies plummeted as the U.S. dollar strengthened against the euro, and the yellow metal fell in price.

Also affected by the strengthening U.S. dollar was gold futures, which plunged by $20.30 to finish at $888.70 for the June contract on the Nymex. It fell as low as $884.50 before it rebounded. Still it's the lowest price since January 10, 2008. Gold has fallen by 8 percent since its high of $1,038.60.

Some gold company results today:


Gold Fields Ltd. (nyse:GFI) dropped 35 cents, or 2.5 percent, to $13.71.

Newmont Mining Corp. (nyse:NEM) finished down by 85 cents at $43.

Goldcorp Inc. (nyse:GG) declined by $2.14, or 5.6 percent, to $36.30.

Barrick Gold Corp. (nyse:ABX) lost $1.57, or 3.9 percent, to $39.23.