Barrick Gold (TSE:ABX), Red Back Mining (TSE:RBI), Iamgold (TSE:IMG) were all down today, as Candian stocks fell, led by commodities producers and banks. This is the first drop in the Canadian market in three days.
This follows gold investors again selling off some of their gold and other precious metal holdings in order to cover equity losses.
The dollar also rose in value, which put some downward pressure on gold futures, which are down slightly on the day.
All three gold miners remain down as of 1:00 p.m. EDT.
No comments:
Post a Comment