LONDON, July 10, 2013 /PRNewswire/ --
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Gold prices settled higher on Tuesday, July 9, 2013, as strong physical demand and higher hedging appeal of the metal following the latest inflation data from China, helped spot gold prices to score a weekly high of $1,260.01 an ounce. U.S gold futures climbed $11.00 to settle at $1,245.90 an ounce. However, the near term gold prices are expected to remain under pressure due to continued liquidation in bullion-backed exchange traded funds. On Tuesday, July 9, 2013, shares in gold mining companies ended mostly in the green, tracking gains in the broader market. The major movers in the industry included IAMGOLD Corp. (USA) (NYSE: IAG), Gold Fields Limited (ADR) (NYSE: GFI), and NovaGold Resources Inc. (USA) (AMEX: NG). All these companies are tracked by AAAResearchReports.com. Free in-depth technical analysis on IAG, GFI, NG, and JAGGF are currently available upon sign up at:
Shares in IAMGOLD Corp. edged higher on Tuesday, reversing some of their recent losses. The company's shares oscillated between $3.92 and $4.04 before finishing the day at $3.95, up 0.77%. A total of 3.98 million shares were traded which is below the daily average volume of 7.04 million. The stock has declined 1.99% in the last three trading sessions and 41.22% in the last three months. Additionally, the stock is trading below its 50-day and 200-day moving averages. Sign up for free technical analysis on IAG at:
Gold Fields Ltd's stock rose sharply on Tuesday, tracking gains in the broader market. The company's shares ended the day 1.47% higher at $4.84 after fluctuating between $4.82 and $5.01. A total of 3.51 million shares were traded which is below the daily average volume of 4.72 million. The stock has fallen 1.22% in the last three trading sessions and 36.57% in the last three months. Besides, the stock is trading below its 50-day and 200-day moving averages. Download free report on GFI by registering at:
Shares in NovaGold Resources Inc. fluctuated between $1.98 and $2.05 before finishing the day flat at $1.99. A total of 1.22 million shares were traded which is below the daily average volume of 1.88 million. The company's shares have fallen 4.33% in the last three trading sessions and 59.30% in the last six months. Besides, the stock is trading below their 50-day and 200-day moving averages. The free report on NG can be downloaded by signing up now at:
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SOURCE AAA Research Reports