Miners (GFI) (RGLD) (ANV) (KGN) (GSS) (BVN) Trade Up

Shares of Gold Fields (NYSE:GFI), Royal Gold (Nasdaq:RGLD), Allied Nevada Gold (AMEX:ANV), Keegan Resources Inc (AMEX:KGN), Golden Star Resources (AMEX:GSS) and Compania Mina Buenaventura, S.A (NYSE:BVN) all traded up on Wednesday 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.

Royal Gold (RGLD) closed Wednesday at $59.32, gaining $1.48, or 2.56 percent.

Compania Mina Buenaventura (BVN) Falls Along with Gold Prices

Compania Mina Buenaventura, S.A (NYSE:BVN) fell in Wednesday trading, as gold prices came under pressure again in the ongoing volatile market conditions.

Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.

Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.

Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.

The Bank of England said that inflation could hit 5 percent in 2011.

Silver prices dropped almost $3 to close at $35.51 an ounce.

Compania de Minas Buenaventura S.A.A. participates in the exploration, mining, and processing of gold, silver, and other metals in Peru.

Compania Mina Buenaventura, S.A (NYSE:BVN) closed Wednesday at $39.85, falling $1.23, or 2.99 percent.

Compania Mina Buenaventura (BVN) Falls Along with Gold Prices

Compania Mina Buenaventura, S.A (NYSE:BVN) fell in Wednesday trading, as gold prices came under pressure again in the ongoing volatile market conditions.

Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.

Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.

Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.

The Bank of England said that inflation could hit 5 percent in 2011.

Silver prices dropped almost $3 to close at $35.51 an ounce.

Compania de Minas Buenaventura S.A.A. participates in the exploration, mining, and processing of gold, silver, and other metals in Peru.

Compania Mina Buenaventura, S.A (NYSE:BVN) closed Wednesday at $39.85, falling $1.23, or 2.99 percent.

Compania Mina Buenaventura, S.A (NYSE:BVN) Climbs Monday

Shares of Compania Mina Buenaventura, S.A (NYSE:BVN) was 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.

Compania de Minas Buenaventura S.A.A. participates in the exploration, mining, and processing of gold, silver, and a variety of metals in Peru.

Compania Mina Buenaventura, S.A (BVN) closed at $39.16, gaining $0.75, or 1.95 percent.

Newmont (NEM) (SA) (KGN) (BVN) (IVN) Trade Mixed As Gold Drops

Gold and silver prices went through a reversal Friday, as gold closed down and silver rebounded to close higher, putting pressure on gold miners such as Newmont Mining (NYSE:NEM), Seabridge Gold (Amex:SA), Keegan Resources Inc (AMEX:KGN), Compania Mina Buenaventura, S.A (NYSE:BVN) and Ivanhoe Mines Ltd. (NYSE:IVN) - which closed mixed - and gold ETFS.

Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce. Silver prices settled up 21 cents to $35.01 an ounce.

The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.

Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.

Ivanhoe Mines closed Friday at $24.05, gaining $0.20, or 0.84 percent.

Miners (AUY) (GRS) (MGH) (BVN) (KGC) Trade Up as Gold, Silver Rebound

Gold miners Yamana Gold (NYSE:AUY), Gammon Gold (NYSE:GRS), Minco Gold Corporation (AMEX:MGH), Compania Mina Buenaventura, S.A (NYSE:BVN) and Kinross Gold Corp (NYSE:KGC) closed up Monday as gold prices turned around on Monday.

Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.

Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.

According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).

The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.

Yamana Gold (NYSE:AUY) closed Monday at $11.94, gaining $0.14, or 1.19 percent.

Miners (AU) (AUY) (IAG) (JAG) (BVN) Mixed as Gold Closes Up

Gold was able to shake itself of silver Friday, as it has been weighed down by the plummeting price of silver in recent trade, which also has been dragging down gold miners AngloGold Ashanti (NYSE:AU), Yamana Gold (NYSE:AUY), IAMGOLD Corporation (NYSE:IAG), Jaguar Mining (NYSE:JAG) and Compania Mina Buenaventura, S.A (NYSE:BVN).

Gold for June delivery climbed $10.20, or 0.7 percent, to $1,491.60 an ounce. Gold lost 4.2 percent last week, as it had settled at a record $1,556.40 an ounce the Friday before. Gold fell 4.2 percent on the week.

Silver for July delivery dropped 95.3 cents, or 2.6 percent, to $35.29 an ounce on the Comex division of the New York Mercantile Exchange. It had risen as high as $36.43 an ounce in Friday's trading.

The front-month silver contract had its worst week since late March 1980. Silver for May delivery fell 27 percent in the five-day period — its biggest percent drop since that date. The most-active July contract also was down 27 percent on the week.

Silver has lost 14 percent so far in 2011. On April 25, silver had reached as high as $49.845.

Compania Mina Buenaventura, S.A (BVN) closed Friday at $41.11, gaining $1.45, or 3.66 percent.

Miners (ANV) (KGC) (EGO) (UXG) (BVN) Pressured as Gold Prices Fall

Allied Nevada Gold (AMEX:ANV), Eldorado Gold Corporation (NYSE:EGO), US Gold (AMEX:UXG), Compania Mina Buenaventura, S.A (NYSE:BVN) and Kinross Gold Corp (NYSE:KGC) got hammered Thursday as gold and silver prices continue to plunge.

Gold for May delivery, the front-month contract, ended the trading session Thursday down $34, or 2.2 percent, at $1,480.90 per troy ounce on the Comex division of the New York Mercantile Exchange.

The silver contract for May delivery closed 8 percent lower, down $3.152, at $36.231 per troy ounce.

Since the Friday settlement price silver has plummeted 25 percent.

The U.S. dollar was also up, adding pressure to the two precious metals, as it gained 2 percent against the euro. That came largely from European Central Bank President Jean-Claude Trichet who suggested there will no interest-rate boost in the near future.

Nothing has changed the underlying fundamentals for gold or silver though, and this is just a healthy correction before gold and silver prices begin moving up again.

As long as easy money policies continue by the Federal Reserve and interest rates remain near zero, there is nothing to stop gold and silver prices from continuing to rise.

Inflation, political unrest, sovereign debt crisis and the collapsing U.S. dollar will also play a major role over time for gold and silver prices.

US Gold (AMEX:UXG) closed Thursday at $7.53, falling $0.56, or 6.92 percent. Kinross closed at $14.78, down $0.73, or 4.71 percent.

Miners (KGC) (GSS) (AZK) (AEM) (BVN) Trade Mixed as Gold Closes Down

Even though several events should have helped support gold prices on Wednesday, that wasn't the case, as Kinross Gold Corp (NYSE:KGC), Golden Star Resources (AMEX:GSS), Aurizon Mines (AMEX:AZK), Agnico-Eagle (NYSE:AEM) and Compania Mina Buenaventura, S.A (NYSE:BVN) closed mixed, as gold for June delivery, the most actively traded contract, fell $25.10 to $1,515.30 an ounce.

Silver prices are the story for commodities and gold at this time, as the plunge in prices is dragging down the overall commodity sector, as traders sell off holdings to take some profits.

Silver fell $3.197, or 7.5 percent, to settle at $39.388 an ounce. That's the third straight day of losses after silver closed in on $50 an ounce mark last week.

Silver for July delivery dropped $2.820, at $39.765 per troy ounce.

The U.S. dollar index lost 0.15 percent to $73.01, dropping from Tuesday's 73.127 close. The dollar index is down 7.5 percent so far in 2011.

Against the euro, the dollar plunged to its lowest level Wednesday since December 2009.

Other than the fall of the dollar, other factors that would have normally supported gold was the underreported decision by the European Union to bail out Portugal for close to 78 billion euros.

Also largely ignored was the ADP Employment Change report for April, which showed the private sector missed the anticipated addition of 200,000 jobs, being able to only generate 179,000 for the month.

Also of note Wednesday was the Institute for Supply Management’s services-sector index, which was weakened more than expected in April, confirming that American growth is slowing.

Kinross Gold Corp (KGC) closed Wednesday at $15.51, gaining $0.57, or 3.82 percent.