Sponsored by
Associated Press
  •  

Sector Snap: Gold Mining Stocks Rise

By Associated Press April 9, 2008 Comments (0)

0 Recommendations

A weakening U.S. dollar and a strengthening gold price on Wednesday lifted shares of companies that mine the precious metal.

In afternoon trading, gold in London rose to $925.20 per troy ounce, up from $909.80 late Tuesday. In Zurich, gold traded at $924.35 bid per troy ounce, up from $910.05.

The euro rose to $1.577 from $1.5721 late Tuesday in New York. Later, in midday trading in New York, the euro fetched $1.5813.

The Dow Jones U.S. Gold Mining Index was up nearly 1 percent.

Among the gold stocks gaining were: Goldcorp Inc. up $1.10, or 2.8 percent, to $40.57; Gold Fields Ltd. up 67 cents, or 4.9 percent, to $14.434 and Newmont Mining Corp., up 25 cents, to $46.81.

Elsewhere in the sector, Barrick Gold Corp. added $1.01, or 2.4 percent, to $44.03; Harmony Gold Mining Co. Ltd. climbed 11 cents to $11.38; Kinross Gold Corp. rose 44 cents to $23.59 and Yamana Gold Inc. rose 24 cents to $14.44.

Iamgold Corp. gained 10 cents to $7.42 and Agnico-Eagle Mines Ltd. rose $2.17, or 3.2 percent, to $70.72.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 617468, ~/articles/articlehandler.aspx, 7/24/2008 1:37:29 AM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

.

Related Tickers

Barrick Gold Corp (USA)

ABX Down! $43.92 -3.71 (-7.79%) 4:01 PM
CAPS Rating:
1439 Outperforms
77 Underperforms
Rate This Stock

Major Indices

S&P 5001,282.19+0.41%
DJIA11,632.38+0.26%
RSL 2K719.19+0.33%
NASD2,325.88+0.95%
Updated: 4:02:47 PM
Sponsored by:

The Motley Poll

What company will see the next Bear Stearns-style implosion?

Sponsored by: