Gold Mining Stock – CANADA STOCKS-TSX ends higher for 3rd day as golds rebound

Toronto’s main stock index finished moderately higher in volatile trading on Wednesday, thanks to rebounding gold shares and a late afternoon turnaround by financials.The index’s weighty materials sector gained 0.62 percent as gold prices rose on safe-haven buying due to renewed concerns about the fiscal health of Greece. Gold-mining stocks recorded solid gains, reversing Tuesday’s losses, as Barrick Gold Corp (ABX.TO: Quote, Profile, Research), the world’s largest producer, rose 1.18 percent to C$39.49, while Goldcorp Inc (G.TO: Quote, Profile, Research) jumped 1.93 percent to C$39.53. Read more

Tags: <Barrick Gold Corp, Gold-mining stocks>

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Gold Investing : Will Gold Prices Hit $ 2000 by 2012?

Many a big gold bug eyes a glimpse of their favorite metal jump over the psychological (and technical) important $ 1,200 per ounce level on Wednesday. I say a “look”, because those who blinked may have missed. But the blip still managed to register on the radar screen long enough for any gold lover hot and bothered about a possible return to the highs enjoyed in earlier years, if not a leap into the stratosphere. Read more

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