Opening Glance: Gold Miners Fall

By Associated Press April 11, 2008 Comments (0)

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Shares of gold-mining companies fell Friday shortly after the opening bell as the U.S. dollar rallied against key rivals and the price of the commodity fell.

The dollar rose against the yen in Asia as an upturn in Asian equity markets prodded short-term investors to sell the yen. The greenback also rose against the euro. Gold fell in London to $922.40 per troy ounce, down from $926.50.

How some gold miners are trading Friday morning:

Newmont Mining Corp. is down 54 cents to $46.45.

Barrick Gold Corp. is down 87 cents to $43.15.

Yamana Gold Inc. is down 19 cents to $14.43.

Goldcorp Inc. is down 75 cents to $39.79.

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