Thursday, May 13, 2010

Gold Wheaton Gold (TSX:GLW) Up, Kinross Gold (TSX:K), Barrick Gold (TSX:ABX) Down

Gold Wheaton Gold (TSE:GLW) ended the session slightly up today, while Kinross Gold (TSE:K) (NYSE:KGC) and Barrick Gold (TSE:ABX) (NYSE:ABX)

Gold Wheaton finished the day up 0.03 or 1.12% on the Toronto Stock Exchange, while Kinross Gold was down 41 cents and Barrick Gold down 79 cents at the end of the day.

Gold futures for June delivery dropped to $1,229.20 on the Comex in New York today, after breaking records for the last couple of sessions.

Some profit taking was inevitable, but gold miners will rebound with the price of gold futures, as safe haven and inflation fears permeate the market.

No comments: