Tuesday, August 3, 2010

Gold Prices Push Up NovaGold (AMEX:NG), Royal Gold (Nasdaq:RGLD) and Allied

NovaGold Resources Inc. (AMEX:NG), Royal Gold (TSE:RGL) (Nasdaq:RGLD) and
Allied Nevada Gold (AMEX:ANV) all moved up today, along with a number of gold miners, as gold prices are poised to finish higher for the fifth straight trading day, even though the increase has been incremental.

Novagold Resources was up to $6.26, gaining $0.10, or 1.62 percent, as of 3:17 PM EDT.

Royal Gold moved up to $45.05, an increase of $0.83, or 1.88 percent, also at 3:19 PM EDT.

Of these three gold stocks, Allied Nevada Gold enjoyed the biggest move, rising to $18.27 at 3:22 PM EDT, a gain of $0.89, or 5.12 percent.

Spot gold prices have moved up to $1,187.80 an ounce, increasing by $5.80 at just before 3:30 PM EDT.

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