Newmont (NEM), Barrick (ABX), Goldcorp (GG), Eldorado (EGO) Jump on Safe Haven Focus

A number of things have again been lining up to support gold recently, including continuing sovereign debt issues in the EU; most recently with Spain. There's also rising inflation, and today's reminder with the earthquake in Japan, the fragility of the global economy. There's also the fighting in Libya which hasn't slowed down at all, creating more uncertainty.

Consequently investors are again migrating to gold and gold investments like miners Newmont (NYSE:NEM), Barrick (NYSE:ABX), Goldcorp (NYSE:GG), Eldorado Gold (NYSE:EGO), which are all up today as gold prices are bid up.

Gold for April delivery rose $7.10, or 0.5%, to $1,419.50 an ounce on the Comex division of the New York Mercantile Exchange.

Shares in SPDR Gold Trust (NYSEArca:GLD), Market Vectors Gold Miners ETF (NYSEArca:GDX) and Market Vectors Junior Gold Miners ETF (NYSEArca:GDXJ) are all up as well.

Silver investments like the iShares Silver Trust (NYSEArca:SLV) and Global X Silver Miners ETF (NYSEArca:SIL), along with Silver Wheaton (NYSE:SLW), are all up as well, moving in unison with gold.