Gold Rises as Dollar Reverse Course Friday, November 20, 4:12 PM ET
In early afternoon trading, the US dollar's strength began to wane after two days of gains. The Euro and Yen have started to climb this afternoon which in turn has push gold higher. After hitting an intraday low of $1131 per ounce, the precious metal has reversed course and climbed $20 higher.
Gold mining stocks have followed suit as Yamana (NYSE:AUY), Barrick (NYSE:ABX), Kinross (NYSE:KGC) and Goldcorp (NYSE:GG) have erased most of their losses on the day. But it was Jaguar Mining (NYSE:JAG) who turned losses into gains, as shares have climbed by more than one percent today.
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