Investors looking to gold and silver for safety as equities drop, pushing up the price of the precious metals, and miners like Gold Fields (NYSE:GFI), Golden Star Resources (AMEX:GSS), Harmony Gold Mining (NYSE:HMY), Gammon Gold (NYSE:GRS) and IAMGOLD Corporation (NYSE:IAG).
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.
IAMGOLD Corporation (IAG) was trading at $21.13, gaining $0.47, or $2.27 percent, as of 1:23 PM EDT. Gammon Gold (GRS) was trading at $9.98, gaining $0.33, or 3.42 percent. Harmony Gold Mining (HMY) was at $13.63, rising $0.13, or 0.96 percent. Golden Star Resources (GSS) was trading at $2.71, climbing $0.08, or 3.04 percent. Gold Fields (GFI) was at $15.79, jumping $0.22, or 1.41 percent.
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