Closing Glance: Gold mining shares close mixed

By Associated Press May 21, 2008 Comments (0)

0 Recommendations

Shares of gold mining companies closed mixed Wednesday despite a jump in the price of the precious metal in U.S. trading.

Gold for June delivery rose $8.40 to settle at $927.50 an ounce on the New York Mercantile Exchange, after earlier reaching a one-month high of $931.10. Though gold and oil don't always rise together, analysts said the surging price of oil, which passed a record $133 a barrel Wednesday, brought a wave of investors into the metals market.

Here is how some gold miners fared in Wednesday's trading:

Freeport McMoran Copper & Gold Inc. fell $5.28, or 4.2 percent, to $120.58, after earlier hitting an all-time high of $127.14.

Agnico Eagle Mines Ltd. slid $2.18, or 3 percent, to $70.93.

Newmont Mining Corp. lost 28 cents, to $49.60.

Barrick Gold Corp. gained 34 cents to $42.69.

Comments (0)

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 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

DocumentId: 649952, ~/articles/articlehandler.aspx, 7/9/2008 3:19:47 AM, No ticker

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