Monday, May 24, 2010

Eldorado Gold (NYSE:EGO), Iamgold (NYSE:IAG) Move Up

After last Friday seemed to indicate speculators and traders had pretty much left the gold market, as gold prices began to rebound then, that continued on today, with gold futures prices moving up nicely, with Eldorado Gold (NYSE:EGO) and Iamgold (NYSE:IAG) joining in the rebound.

Eldorado finished the session at 16.10, up $0.37, or 2.35 percent. Volume was about level with the 3-month average.

Iamgold (NYSE:IAG), coincidentally, was up the same $0.37 Eldorado was, a 2.3 percent gain for them. They finished today's session in New York at $16.45.

Volume for them, like a number of gold miners today, was off, down to 3,173,540, from the 3-month average of 4,289,440.

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