Minco Gold (MGH) Plunges Monday

Shares of Minco Gold Corporation (AMEX:MGH) plunged Monday, as gold prices were down 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.

Minco Gold Corporation participates in the acquisition, exploration, and development of gold properties.

Minco Gold Corporation (MGH) closed at $7.75, falling $0.13, or 1.65 percent.