Investors looking to gold and silver for safety as equities drop, pushing up the price of the precious metals, and major miners like Kinross Gold Corp (NYSE:KGC), Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG) and Newmont Mining (NYSE:NEM).
The most actively traded gold contract, for June delivery, was recently up $19.70, or $1.3 percent, at $1,512.10 a troy ounce on the Comex division of the New York Mercantile Exchange.
Silver prices are up with the most actively traded contract, for July delivery, recently up 22.3 cents, or 0.6 percent, at $35.155 a troy ounce.
Kinross Gold (KGC) was trading at $15.00, up $0.14, or 0.94 percent, as of 1:09 PM EDT. Barrick Gold (ABX) was trading at $45.94, gaining $0.37, or 0.81 percent. Goldcorp (GG) was at $49.04, rising $0.68, or 1.41 percent. Newmont (NEM) was trading at $54.63, climbing $0.57, or 1.05 percent.
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