Shares of gold miners Allied Nevada Gold (AMEX:ANV), Royal Gold (Nasdaq:RGLD), Barrick Gold (NYSE:ABX), AngloGold Ashanti (NYSE:AU) and Kinross Gold Corp (NYSE:KGC)close mixed Tuesday as gold bumps up again.
Gold for June delivery added $13.70, or 0.9%, to $1,516.90 an ounce on the Comex division of the New York Mercantile Exchange.
Silver also extended its rebound, with the July contract gaining $1.37, or 3.7%, to $38.47 an ounce.
Separately, HSBC Global Research boosted its average price estimate for gold, silver and platinum.
HSBC raised its gold price projection to $1,525 an ounce from $1,450 an ounce this year, and to $1,500 from $1,300 for 2012.
For silver, the bank sees it averaging $34 in 2011, up from a previous estimate of $26, and $29 from $20 in 2012.
Platinum is seen closing 2011 at $1,850 from $1,750, according to HSBC, and ending 2012 at $1,750 from $1,650.
For palladium, HSBC sees it averaging $825, from $750, in 2011, and $750 from $650 in 2012.
Barrick Gold closed at $47.65, down $0.02, or 0.04 percent.
Wednesday, May 11, 2011
Miners (ABX) (KGC) (ANV) (RGLD) (AU) Trade Mixed as Gold Jumps Again
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment