Newcrest Mining (ASE:NCM), Lihir Gold (Nasdaq:LIHR), Eldorado Gold (TSE:ELD) Flat

Newcrest Mining (ASE:NCM), Lihir Gold (Nasdaq:LIHR), Eldorado Gold (TSE:ELD) (NYSE:EGO) were largely flat today as investors lost a bit of their appetite for safety and took some money out after five-month highs last week.

Some of the risk appetite returned after the announcement the EU and IMF were going to provide a little under $1 trillion in loans to the struggling countries in the euro-zone.

Even so, after digesting the impact of that kind of money on the markets, gold prices for the day held their own, as the inevitability of inflation becoming a major problem after the trillions being poured into the economies around the world continues to weigh on investors, and there is nothing better than gold to combat that.

Consequently, gold prices today ended the session over $1,200 an ounce, showing the continuing support it has, and gold companies in general were somewhat level, although some made some major upward moves.