Gold companies Royal Gold (Nasdaq:RGLD), Allied Nevada Gold (AMEX:ANV), Alamos Gold (OTC:AGIGF.PK) and Aurizon Mines (AMEX:AZK) soared on Tuesday as gold prices rose to $1,455.50 an ounce to attain a record high.
Gold for June delivery jumped $19.50, or 1.4%, to $1,452.50 an ounce on the Comex division of the New York Mercantile Exchange.
Continuing 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 thought that Federal Reserve Chairman Ben Bernanke won't stop printing money is also a relevant factor behind the continuing rise in gold prices.
Aurizon Mines closed Tuesday at $7.14, gaining $0.41, or 6.09 percent. Alamos Gold closed at $16.36, rising $0.66, or 4.20 percent. Allied Nevada Gold closed at $40.31, up $2.64, or 7.01 percent. Royal Gold ended the session at $53.27, increasing $1.17, or 2.25 percent.
Wednesday, April 6, 2011
Gold Miners (RGLD) (ANV) (AGIGF) (AZK) Surge on Record Gold Prices
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