Gold prices today were under pressure early, but found support over $1,200 an ounce, as gold mining stocks like Barrick Gold (TSE:ABX)(NYSE: ABX) and Red Back Mining (TSE:RBI) were up, especially Red Back, which surged by over 7 percent during the session, gaining $1.87 a share.
Barrick was up modestly, rising a little over 0.50 a share, and gaining a little more in electronic trading.
Eldorado Gold (TSE:ELD) (NYSE: EGO) fell on the Toronto exchange after Credit Suisse downgraded the gold miner from "outperform" to "neutral." Eldorado was up on the NYSE.
Monday, May 10, 2010
Barrick Gold (TSE:ABX), Red Back Mining (TSE:RBI) Up, Eldorado Gold (TSE:ELD) Drops
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