Opening Glance: Gold Miners Slide

By Associated Press April 14, 2008 Comments (0)

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Shares of gold-mining companies mostly declined early Monday as the U.S. dollar strengthened and the price of the precious metal slipped.

The 15-nation euro bought $1.5777 early Monday, down from the $1.5835 it bought in New York late Friday. Britain's pound dipped to $1.9712, compared with $1.9724 in New York.

Gold traded in London at $917.75 per troy ounce, down from $922.80 late Friday. In Zurich, gold traded at $915.90 bid per troy ounce, down from $918.10.

Here is how some gold companies are trading:

Randgold Resources Ltd. fell 68 cents to $50.30.

Kinross Gold Corp. rose 3 cents to $22.78.

Agnico-Eagle Mines Ltd. rose 57 cents to $69.66.

Iamgold Corp. fell 10 cents to $7.06.

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