Gold makes gains as Barrick makes a deal
Monday, April 25, 2022 6:43 PM

Related Stories



Apr. 25, 2011 (UPI NewsTrack) -- NEW YORK, April 25 (UPI) -- Gold prices made gains Monday after Canadian mining firm Barrick Gold (TSX:ABX) (NYSE:ABX) said it reached a deal to buy Australian copper mining company Equinox for $7.8 billion.

Barrick shares fell 6.7 percent, while shares of Lundin Mining Corp. (TSX:LUN) (OOTC:LUNCF) rose 3.8 percent, as Equinox said it would abandon pursuit of Lundin due to the new deal with Barrick, MarketWatch reported.

On the Comex division of the New York Mercantile Exchange, gold added $5.30 to reach $1,507.7, closing above $15,000 for the second consecutive session. Crude oil prices rose slightly to $112.20 per barrel.

Silver prices, up 52 percent this year, closed at $47.151, the highest level in 31 years, The Wall Street Journal reported. Investors expect silver to hit a record $50 per ounce this year.

The dollar index was flat. The euro rose to $1.4578 from Thursday's $1.4548. Against the yen, the dollar fell to 81.81 yen from 81.91 yen.

The Australian dollar fell to $1.072 from $1.0722. The U.S. standard fell to 0.9544 Canadian dollars from 0.9546.

In India, the dollar rose to 44.44 rupee from 44.225 rupee. In Singapore, the dollar fell to 1.2358 SGD from 1.2359 SGD.
(Source: UPI )
(Source: Quotemedia)
 

Sponsors

Symbol :

Advertisement

Market news:

More news


Advertisement

    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
ja teremtipTTG Investments GE$0.28
XXXXXXXXXX LVS$0.44
XXXXXXXXXX ISRG$2.49
XXXXXXXXXX AAPL$5.35
markinsurace guru CINF$0.36
XXXXXXXXXX AAPL$5.35
XXXXXXXXXX ISRG$2.49
JakeXXXXX PKD$0.06
XXXXXXXXXX CRTP$0.08
XXXXXXXXXX AA$0.27