Eldorado Gold (NYSE:EGO), NovaGold (AMEX:NG), Goldcorp (NYSE:GG), Royal Gold (NASDAQ:RGLD) Jump as Gold, Silver Prices Climb

With the boost in gold and silver prices Tuesday, gold companies like Eldorado Gold (NYSE:EGO), NovaGold (AMEX:NG), Goldcorp (NYSE:GG) and Royal Gold (NASDAQ:RGLD) and enjoyed a nice increase in share price.

Gold prices found support even in the midst of china increasing its interest rates again. The market has been neglecting that, mostly because China still continues to operate in a negative interest rate environment even with the increase.

Of course the other side of the equation, which plays to gold's strength is the rising rate of inflation around the world, which is again causing capital to migrate toward gold and silver.

Gold futures rose to $1,367.50 an ounce Tuesday.

Eldorado Gold closed at $16.84, rising $0.38, or 2.31 percent. NovaGold closed Tuesday at $14.80, up $0.19, or 1.30 percent. Goldcorp closed at $42.94, gaining $1.70, or 4.12 percent. Royal Gold ended the session at $48.34, up $0.54, or 1.13 percent.