Shares of gold mining giants Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG) and Newmont Mining (NYSE:NEM) were trading up today as gold prices soared past the $1,500 an ounce mark for the first time in history.
The gold contract for June delivery was up $4.50 at $1,497.40 an ounce Tuesday and has traded as high as $1,500.50 an ounce.
Silver prices for June delivery were up 75 cents to $43.71 an ounce.
The dollar was down against 12 of 16 major peers, losing 1 percent or more versus Norway’s krone and Sweden’s krona. The euro was up against 13 of its 16 major counterparts.
The Canadian dollar strengthened 0.8 percent to $1.0450 after the consumer price index rose 3.3 percent in March over last year, compared with a 2.2 percent pace of increase in the previous month.
Newmont Mining was trading at $58.32, gaining $0.45, or 0.78 percent, as of 2:11 PM EDT. Goldcorp was at $54.61, rising $0.89, or 1.66 percent. Barrick Gold was trading at $54.15, up $0.68, or 1.27 percent.
Tuesday, April 19, 2011
Barrick (ABX) (GG) (NEM) Jump as Gold Breaches $1,500 For First Time
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