Gold miners Gold Resource Corp (AMEX:GOR), Keegan Resources (AMEX:KGN), Claude Resources (AMEX:CGR), International Tower Hill Mines (AMEX:THM) surged on Tuesday as gold prices rose to $1,455.50 an ounce to reach a record high.
Gold for June delivery rose $19.50, or 1.4%, to $1,452.50 an ounce on the Comex division of the New York Mercantile Exchange.
Oning unrest in the Middle East, the EU sovereign debt crisis, Japan's struggle and political uncertainty in the United States is the major impetus behind the action.
The realization that Federal Reserve Chairman Ben Bernanke won't stop printing money is also a major part of the continuing rise in gold prices.
International Tower Hill Mines closed Tuesday at $10.38, gaining $0.56, or 5.70 percent. Claude Resources closed at $2.71, rising $0.07, or 2.65 percent. Keegan Resources closed at $9.44, up $0.66, or 7.52 percent. Gold Resource Corp ended the session at $28.00, increasing $1.09, or 4.05 percent.
Wednesday, April 6, 2011
Gold Miners (GOR) (KGN) (CGR) (THM) Soar on Record Gold Prices
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