Tag: Gold Prices Today

Ivanhoe (NYSE:IVN ), Gammon (NYSE:GRS), Yamana (NYSE:AUY) Make Big Moves Up as Gold Prices Soar

Ivanhoe Mines (NYSE:IVN ), Gammon Gold (NYSE:GRS) and Yamana Gold(NYSE:AUY) have all made big upward moves in their share prices today as gold prices came roaring back, as the U.S. dollar fell back to earth where it belongs. Spot gold prices rose by $18.30, increasing to $1,354.10 an ounce as of this writing. Gold futures for December delivery rose to $1,346.90 on the Comex division of the New

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Barrick (NYSE:ABX), Goldcorp (NYSE:GG), Newmont (NYSE:NEM) Push Up As Gold Breaks $1,400

Major gold miners Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG) and Newmont Mining (NYSE:NEM) are all pushing up today, led by Barrick, which soared over 3 percent as gold prices soared past $1,400 an ounce.The gold news going forward will largely be the effects of quantitative easing on the price of gold, as well as the U.S. dollar, which usually move inversely to one another.Ben Bernanke

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Eldorado (NYSE:EGO), Yamana (NYSE:AUY), Novagold (AMEX:NG) Surge on Record Gold Prices

Eldorado Gold Corp Ltd (NYSE:EGO), Yamana Gold, Inc. (NYSE:AUY) and Novagold Resources Inc (AMEX:NG) are participating in the broad gold market, as gold prices today soar to new levels, reaching over $1,380 an ounce.Major gold miners like Freeport-Mcmoran (NYSE:FCX), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) all moved up today as well.Eldorado was trading at $18.98, gaining $0.47, or 2.54

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Barrick (NYSE:ABX), Ivanhoe (NYSE:IVN), Eldorado (NYSE:EGO), Agnico (NYSE:AEM) Rise with Surging Gold Prices

The jobs report in the U.S. showing further terrible results have gold prices today jumping and gold miners rising with them. Barrick Gold (NYSE:ABX), Ivanhoe Mines (NYSE:IVN), Eldorado Gold and (NYSE:EGO) and Agnico-Eagle Mines (NYSE:AEM) are all in positive territory in anticipation of the inevitable inflationary move by the Federal Reserve, which will pump more money into the American

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Market Wrap-Up for Oct.5 (FCX, CF, CLF, GLD, NEM, COF, AXP, more)

Market Wrap-Up for Oct.5 (FCX, CF, CLF, GLD, NEM, COF, AXP, more)

News of Japan cutting its interest rates to zero helped spike gold prices today, also pushing many other commodity plays up along with it. We saw stock price surges for high-beta stocks like Freeport McMoran ( FCX ) , CF Industries ( CF ) , Cliffs Natural Resources ( CLF ) , and more. Gold ETF ( GLD ) hit new highs as did gold-mining plays Agnico-Eagle Mines ( AEM ) and Newmont Mining ( NEM ) . This continues to remain a trade in our eyes, so be sure to handle it as such if you are dabbling in the area. Financial names such as Franklin Resources ( BEN ) and Capital One Financial ( COF ) also put in solid gains today. Shares of American Express ( AXP ) finished lower following two analyst downgrades this morning. The company continues to feel the pressure of the U.S. government lawsuit. I was running late today as I was speaking to students at several business classes in Stockton College. Explaining some of what actually happens on Wall Street to what is taught in the textbooks can be real interesting. The students seem to enjoy the real-life experiences/lessons I have had in my trading days as well as since the launch of Dividend.com. A key theme I focused on was not ignoring whatever the current market environment is and how that can relate to business and investing decisions. Some things just don’t get taught in textbooks and hopefully the message I was sending opens up some new mindsets into how one can approach their financial and business aspirations. Hope everyone has a great day. Thanks for reading! Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Citigroup (NYSE:C) Sees $1,300 Gold in a Week

With one caveat, Citigroup (NYSE:C) says within a week we could see gold hit $1,300, and the caveat is if the Federal Reserve in the U.S. announces they’re going to implement quantitative easing again. If that happens, all bets are off as to how high gold prices could go, as gold prices today broke another all-time record, and that will continue to happen on a consistent basis. The reason this

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Royal Gold (NASDAQ:RGLD) Declares Fourth Quarter Dividend

Royal Gold, Inc. (NASDAQ:RGLD), which participated in a nice upward move in share price as gold prices shattered another record, had its board of directors declare a quarterly dividend for the fourth quarter of $0.09 a share. Shareholders of record at the close of business on October 1, 2010 will have the dividend payable on October 15, 2010 Those holding exchangeable shares of RG Exchangeco

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Gold Prices Today Explode to Record High on Weak Economic News

The price of gold today exploded to another record high as weak economic news out of Europe reinforced the extremely fragile and weak global economy. Another factor may have been the weaker U.S. dollar, but the hype of a global recovery after a couple of reports focused on by mainstream media wasn’t believed, and the pent-up fears and concerns are pouring out toward gold again; primarily being

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Gold Prices Ready to Rebound?

Gold has taken a little bit of a hit this week, as investors ignored the bad economic news and latched onto the good. That’s highly unlikely to continue for long, as the weakness in the global and U.S. economy isn’t going to improve any time soon, and mounting evidence confirms we’re in for a continuing recession. Gold prices will respond accordingly and continue their upward push to who knows

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Gold Prices Reaching for New High Today

Gold prices today have soared on the news the so-called stress tests of the European banks probably didn’t accurately portray the level of government debt they held. In mid-day, gold for December delivery increased to $1,261.60. If it were to close at those levels, it would surpass the record high of $1,258.30 an ounce, set on the Comex division of the New York Mercantile Exchange in June,

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Anglo American (LON:AAL), Kinross Gold (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) All Drop As Gold Prices Fall

Gold miners have been taking a hit today, especially right before noon, when traders tend to make their moves, and gold prices along with it. Anglo American (LON:AAL) (AAUKF:PK), Kinross Gold Corp (TSE:K) (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) all dropped in unison with gold prices during that time. Anglo American was down to 2,358.00 in London, shedding $115.50, or 4.67 percent, as of 11:35

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Gold Fields’ (NYSE:GFI) Nick Holland Says Company Not Relying On Gold Price

The CEO of Gold Fields (NYSE:GFI), Nick Holland, said in an interview that the company isn’t going to rely on gold prices to “bail us out.” Holland added that the company is actually going to budget a lower price than the spot price is today.This isn’t to say he believes gold prices are going to fall, but that the company needs to focus on streamlining their operations, and that’s going to be the

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