Shares of Gold Fields (NYSE:GFI) 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.
Gold Fields Limited participates in the acquisition, exploration, development, and production of gold properties. It has 8 operating mines in Australia, Ghana, Peru and South Africa. The company also explores for copper. Gold Fields has about gold equivalent mineral reserves of 78 million ounces and mineral resources of 281 million ounces.
Gold Fields (GFI) closed at $15.39, gaining $0.05, or 0.33 percent.
Tuesday, May 17, 2011
Gold Fields (GFI) Trades Up Monday
Labels:
Gold Fields LTD
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment