Tuesday, December 27, 2011

Gold, Silver Shares Retreat, XAU Falls 1.3%

Gold and silver shares turned lower alongside precious metals on Tuesday, as
the Philadelphia Gold & Silver Index (XAU) retreated 1.3% to 182.81 in mid-day
trading. The XAU is coming off its first weekly advance in three, but with
todays sell-off extended its loss in December to 12.2%. Furthermore, the XAU is
now lower by 19.3% on a year-to-date basis and on pace for its first annual
decline since 2008. Notable gold stocks in the red on Tuesday included
Angico-Eagle Mines (AEM) and Randgold Resources (GOLD).

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