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Wednesday, October 13, 2010

Freeport (NYSE:FCX), Goldcorp (NYSE:GG), Newmont (NYSE:NEM) Soar on Rising Gold Prices

Freeport-McMoRan Copper & Gold (NYSE:FCX), Newmont Mining (NYSE:NEM) and Goldcrop (NYSE:GG) made nice upward moves today as the price of gold soared to another record high, with December delivery gold prices reached as high as $1,375.70.

Spot gold was at $1,370 a 1:25 PM EDT.

Freeport was among the leaders in the sectors, pushing up to $99.45, gaining $4.32, or 4.45 percent at 1:25 PM EDT

Goldcrop was up to $45.26, gaining $1.29, or 2.93 percent, and Newmont rose to $63.04, gaining $1.04, or 1.68 percent at 1:25PM EDT as well.

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