Featured Post

Latest Gold News

Gold may do even better in second half   Japan the new frontier for gold mining? Russia, China preparing to conduct energy transaction...

Wednesday, August 11, 2010

Anglo American (LON:AAL), Kinross Gold (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) All Drop As Gold Prices Fall

Gold miners have been taking a hit today, especially right before noon, when traders tend to make their moves, and gold prices along with it. Anglo American (LON:AAL) (AAUKF:PK), Kinross Gold Corp (TSE:K) (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) all dropped in unison with gold prices during that time.

Anglo American was down to 2,358.00 in London, shedding $115.50, or 4.67 percent, as of 11:35 AM EDT. In New York there were no trades, and it stands at $38.90 in the pink sheets.

AngloGold Ashanti fell to $42.61, a loss of $0.53, or 1.23 percent, as of
12:44 PM EDT.

Kinross Gold (NYSE:KGC) lost $0.51 to drop to $15.16, a loss of 3.25 percent at 12:46 PM EDT.

After a quick start today, spot gold prices started to fall a little before 11:00 AM, an are now at $1,193.50, a loss of $10.50.

No comments: