After gaining for the ten straight days, prices of Gold retreated on Tuesday from its record high as some rays of hope for the U.S. economy and a resolution for the European sovereign-debt crisis lessened the metal’s safe-haven demand.
Gold for August delivery closed $1.30, or 0.1%, lower to $1,601.10 an ounce on the Comex division of the New York Mercantile Exchange. It made another intraday record high of $1610.70.
In electronic trading after the settlement, the yellow lost over $15 an ounce, trading around $1,585 an ounce after President Barack Obama praised a $3.7 trillion deficit-reduction plan and hinted at a possibility of bipartisan agreement soon.
Trading Snapshot
- RUNNING FOX RES CORP (Public, PINK:RFXRF) surged 10.835 to $0.199.
- Yale Resources Ltd (Public, CVE:YLL) climbed 0.010 (16.67%) to $0.07.
- Currie Rose Resources Inc. (Public, CVE:CUI) added 8.57% to $0.190.
- SPDR Gold Trust (ETF) (NYSE:GLD) fell 1.22% to $154.66.The ETF has jumped about 13% so far this year and made a record high of $156.58 in Monday’s session.
- Goldcorp Inc. ( USA) (NYSE:GG) closed with a fall of 1.87% to $54.01.
- Barrick Gold Corporation ( USA) (NYSE:ABX) fell 0.47 (-0.96%) to $48.56.
- Agnico-Eagle Mines Limited ( USA) (NYSE:AEM) lost 3.40% to $63.48. NovaGold Resources Inc.
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Running Fox (TSX-V: RUN) ( US OTC: RFXRF) ( FRANKFURT: C8Q)
Running Fox Gold and Silver Acquisition
Running Fox Resource Corp. now owns 100% of the advanced and developing Brett Gold and Silver Project in British Columbia, over 50 square kilometres, the majority is royalty free.Cash on hand to start drill programs. 53 Million shares outstanding.
The Company also owns other assets, and has cash flow from oil and gas. " Contact
Steven Schurman
Running Fox Resource Corp.
1 604 725 8868
www.foxgold.ca
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB)
Yale Resources Yale Resources Ltd. is an exploration and development company building value utilizing the Project Generator business model. With its Mexican operations based out of Hermosillo, Sonora, Yale is utilizing its extensive Mexican network to identify, acquire and advance projects of merit. Yale's partners are scheduled to spend greater than $1,000,000 on exploration on the Company's properties over the next 12 months.
Contact
Ian Foreman
info@yaleresources.com
www.yaleresources.com
Currie Rose Resources Inc. (TSX.V: CUI) (OTC: CUIRF)
Currie Rose Resources Inc. is a gold exploration company listed on the Toronto Venture Exchange under the symbol CUI-V, Frankfurt Exchange CDV, and U.S. OTC Market symbol CUIRF. The main focus is the Company's gold exploration projects in The Lake Victoria Gold Fields in Tanzania
IR contact
Harold Smith
harold@currierose.com
www.currierose.com
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