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Monday, August 2, 2010

Barrick (NYSE:ABX), Gold Fields (NYSE:GFI), Harmony Gold (NYSE:HMY) Higher as Gold Prices Move Up

Barrick Gold (NYSE:ABX), Gold Fields (NYSE:GFI) and Harmony Gold Mining (NYSE:HMY) moved relatively in tandem with gold prices this week, starting the week stronger, plunging in the middle of the week, and moving up nicely over the last couple of day.

Gold Fields performed the best of the three companies, not plunging in the early part of the week as deeply as Barrick and Harmony did.

Barrick ended the trading session at $41.10, gaining $0.56, or 1.38 percent. Volume was at 6,751,159, below the 3-month average.

Gold Fields finished the week at $13.53, gaining $0.48, or 3.68 percent. Trading volume came in at 3,151,810, also below their 3-month average.

Harmony Gold reached $10.00 Friday, increasing by $0.26, or 2.67 percent. volume was at 1,403,797, far below the 3-month average of 3,244,800.

Gold prices were up the last three trading days.

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