Gold shares continued their recent stretch of outperforming the yellow metal on
Friday, as the AMEX Gold Bugs Index (HUI) held near unchanged at 635.04 while
the spot price of gold fell $21.25 to $1,848.85 per ounce. Three of the top
performing gold equities this morning were AngloGold Ashanti (AU), Gold Fields
(GFI), and Royal Gold (RGLD) which climbed 0.6%, 2.2%, and 0.7%, respectively.
On the downside, Agnico-Eagle Mines (AEM), Harmony Gold (HMY), and Kinross Gold
(KGC) retreated 0.4%, 0.8%, and 0.6%, respectively. Gold equities as a group
were also outperforming the broader markets, as the Dow Jones Industrial Average
(DJIA) pared its losses but remained considerably lower by 140.54 points, or
1.2%, at 11,155.27.
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