Usually when the price of gold declines, the U.S. dollar becomes stronger. This was the case today. As the U.S. dollar dipped, the price of gold slightly increased giving hope to downtrodden investors. Currently, gold is $1,388.06 an ounce.
It was also a relatively good day for mining stocks and ETFS. Although numerous companies saw their stock increased it was only by a few cents. The biggest riser was Randgold Gold Mining Co. Ltd that increase $1.57 while Agnio-Eagle Mines Limited saw their stock grow nearly 2%. When it came to ETFS, Physical Asian Gold was again the only ETF that did show a profit. The ETF was down almost 1.3%.
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