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Monday, October 11, 2010

Gold Prices Today Pick Up After Noon

Gold prices today plummeted in morning trading, as on the Comex division of the New York Mercantile Exchange they dropped to as low as $1,341.10.

Spot gold also rebounded to surpass the $1,350 an ounce mark, also dropping to almost $1,340 earlier in the trading session.

Major gold miners like Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM) and Goldcorp (NYSE:GG) were all still down at about 1:00, although Barrick was closing in on going positive.

SPDR Gold Trust (NYSEArca:GLD) has risen to $132.29, gaining $0.63, or 0.46 percent.

Kinross Gold Corporation (NYSE:KGC), Eldorado Gold (NYSE:EGO) and Agnico-Eagle Mines Limited (NYSE:AEM) were all flirting with going into positive a little after 1:00 PM EDT as well, as gold prices continue to slowly rise in afternoon trading.

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