Tuesday, May 17, 2011

Barrick Gold (ABX) Trades Up Monday

Shares of Barrick Gold (NYSE:ABX) were up Monday even as gold and silver prices were down slightly on the trading day.

Gold for June delivery shed $3 to close at $1,490.60 at the Comex division of the New York Mercantile Exchange. The gold price Monday traded in a range of a low of $1,486 and a high of $1,504.30.

Silver prices ended the day down 88 cents to close at $34.13 an ounce.

The U.S. dollar index fell 0.43 percent to $75.38.

The euro strengthened as Monday trading went on, putting pressure on the U.S. dollar.

Barrick Gold Corporation participates in gold exploration, mine developement and production and marketing of gold. Overall the company has a portfolio of 25 operating mines and a pipeline of projects located around the world, including North America, South America, the Australia Pacific region, and Africa. The also have exposure to copper, oil and gas properties.

Barrick Gold (NYSE:ABX) closed at $45.17, gaining $0.16, or 0.36 percent.

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