Kinross Gold (KGC) Up on Euro Fears

Shares of Kinross Gold (NYSE:KGC) closed up on Friday as concerns over the faltering European Union and its sovereign debt crisis pushed gold prices up and gold miners with it.

June gold closed on Friday at $1,508.90 an ounce, up $16.50, trading in a range of $1,486.40 and $1,515.80.

For the Week gold was up by about 1.15 percent, but still down 4 percent from the all-time high of $1,575 an ounce reached in the early part of May.

Silver closed at $35.16, up 0.6 percent, but down by about 30 percent since a record high on April 28 of $49.51.

Kinross Gold Corporation participates in mining and processing gold ores. It also is involved in the exploration and acquisition of gold properties.

Kinross closed Friday at $14.94, up $0.08, or 0.54 percent. It has a market cap of $16.97 billion.