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Wednesday, June 9, 2010

Eldorado Gold (NYSE:EGO) Pulls Back

Eldorado Gold (NYSE:EGO) gave up some of its recent gains today, as gold prices in general were down after recent record-breaking prices.

They closed the session in New York at $17.28 a share, a decline of $0.32, or 1.82 percent. They were down further in after hours trading.

This isn't surprising as they're standing near to their 52-week high, and will have downward pressure when temporary downward pressure is exerted on them.

Eldorado is one of the highest producing, low-cost gold miners.

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