Closing Glance: Gold stocks end down as metal's price falls

By Associated Press May 7, 2008 Comments (0)

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Shares of gold mining companies fell Wednesday as the precious metal lost value in U.S. trading.

Gold for June delivery fell $7.10 to $870.60 an ounce on the New York Mercantile Exchange, after earlier dropping as low as $864.40. Also, the dollar rose against major currencies.

Here is how some gold miners fared.

Randgold Resources Ltd. American depositary shares fell $1.91, or 4.2 percent, to $43.14.

Freeport McMoran Copper & Gold fell $2.96, or 2.5 percent, to $114.36.

Newmont Mining Corp. fell 75 cents to $45.22

Barrick Gold Corp. fell 38 cents to $39.01.

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DocumentId: 639948, ~/articles/articlehandler.aspx, 7/6/2008 7:26:41 PM, No ticker

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