Miners Goldcorp (GG) (NXG) (TRE) (EGO) Trade Down

Shares of Goldcorp (NYSE:GG), Northgate Minerals (AMEX:NXG), Tanzanian Royalty Exploration (AMEX:TRE) and Eldorado Gold Corporation (NYSE:EGO) all traded down on Wednesday even as gold and silver prices climbed on the day.

June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.

The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.

A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.

Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.

Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.

The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.

Eldorado Gold Corporation (EGO) closed Wednesday at $15.12, falling $0.33, or 2.14 percent. Goldcorp closed at $48.65, down $0.06, or 0.12 percent.