Featured Post

Latest Gold News

This analyst sees nothing to stop gold from continuing climb Cyber Terrorism another reason to own gold says Faber Fed doves supportin...

Thursday, August 5, 2010

Ventana Gold (TSE:VEN), Barrick (NYSE:ABX), US Gold (AMEX:UXG) Mixed as Gold Fluctuates

As gold prices today struggle to finish in positive territory for the seventh trading session in a row, the up and down movement in the gold price, along with it remaining somewhat level has brought mixed results to gold miners like Ventana Gold (TSE:VEN), Barrick Gold (NYSE:ABX) (TSE:ABX) and US Gold (TSE:UXG)(AMEX:UXG).

Spot gold was at $1,197.50, a gain of $1.90 at about 2:00 PM EDT.

Barrick Gold hit $42.72, gaining $0.11, or 0.26 percent, at 1:58 PM EDT. Barrick has been moving up daily along with the price of gold over the last week. Trading volume is far below the 10,795,200 3-month average, standing at 3,344,683.

The smaller gold miners haven't fared as well today, with US Gold down to $5.08, a loss of $0.01, or 0.20 percent, as of 2:01 PM EDT. Trading volume was also below 3-month averages of 1,464,270, lagging at 441,176.

Ventana was down to $8.25, falling $0.05, or 0.60 percent. Trading volume was down from the 3-month average of 779,345, to 322,620.

As you can see, gold miners are moving somewhat in tandem with gold prices today, with most companies slightly up or down on either side.

No comments: