Monday, May 23, 2011

Goldcorp (GG) Closed Week on Positive Note

After a volatile week, gold prices finally settled up and Goldcorp (NYSE:GG) ended the week up with it.

June gold closed on Friday at $1,508.90 an ounce, up $16.50, trading in a range of $1,486.40 and $1,515.80.

For the Week gold was up by about 1.15 percent, but still down 4 percent from the all-time high of $1,575 an ounce reached in the early part of May.

Silver closed at $35.16, up 0.6 percent, but down by about 30 percent since a record high on April 28 of $49.51.

Goldcorp Inc. participates in the acquisition, exploration, development, and operation of precious metal properties in North, Central and South America.

Goldcorp closed Friday at $48.67, up $0.31, or 0.64 percent. It has a market cap of 38.88 billion.

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