Gold prices hit another life time high on Tuesday, passing through $1,750-a-troy-ounce milestone as a massive sell-off in global equity markets drew safety-seeking investors to the metal.
Gold futures for delivery in December added $39.60, or 2.3%, to $1,752.80 an ounce in Asian afternoon trading.
The U.S. Federal Open Market Committee is scheduled to meet Tuesday to decide on its monetary policy, amid a debate over whether weakening economic indicators will force its hand in launching a fresh round of monetary easing.
The day's surge in gold prices have come as most other asset classes got pummeled on mounting worries about U.S. and euro-zone sovereign-debt issues.
Trading Snapshot
- New Gold Inc. ( USA) (AMEX:NGD) surged 3.21% to $10.28.
- Yamana Gold Inc. (TSE:YRI) climbed 0.48 (3.71%) to $13.43.
- Barrick Gold Corp. (TSE:ABX) added 2.29% to $45.92.
- Agnico-Eagle Mines Ltd. (TSE:AEM) surged 1.77 (3.21%) to $56.99.
- Aurizon Mines Ltd. (TSE:ARZ) closed with a rise of 0.55 (9.98%) to $6.06.
- Northgate Minerals Corporation (TSE:NGX) added 0.09 (3.03%) to $3.06.
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Running Fox (TSX-V: RUN) (US OTC: RFXRF) (FRANKFURT: C8Q)
Running Fox is a Canadian growth-oriented resource company with mineral projects including US uranium and Canadian gold properties, oil and gas assets, and oilfield service operations.
Contact
Steven Schurman
Running Fox Resource Corp.
1 604 725 8868
www.foxgold.ca
Lomiko Metals Inc. (TSX-V: LMR; OTC: LMRMF) is a Canadian-based junior company whose objective is to increase shareholder value through the acquisition and exploration of high quality mineral and gold mining projects. Lomiko is set to explore the Vines Lake Gold Project Cassiar, B.C. China Minerals Mining Corp is seeking to create a mineral and mining investment vehicle through its investment in the neighbouring Table Mountain Mine owned currently by Hawthorne Gold Corp. in Cassiar B.C. The potential exists on the 100% owned Vines Lake Property for discovering new high-grade gold vein systems.
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