The Dow Jones industrial average fell 83.45 points, or 0.75%, for the report period ended Feb. 8 amid inflationary fears, while gold responded positively.
Spot gold on the Comex division of the New York Mercantile Exchange climbed $11 to US$299.20 per oz., though it spiked well above US$300.
Newmont Mining jumped $2.12 to US$22 on the New York Stock Exchange, while its partner at Yanacocha, Buenaventura, picked up 75 to close at US$19.50. Anglogold closed at US$26.38, up $1.94.
Other South Africans benefited from the increase: Nasdaq-listed Durban Roodepoort Deeps added 25 in heavy trading; Harmony Gold Mines rose 91 to US$6.38; Gold Fields bumped up 68 to close at US$4.69; New York-listed Homestake Mining tacked on 63 to close at US$6.94; and mid-sized Meridian Gold picked up $1.50 to close at US$6.50.
Battle Mountain Gold, meanwhile, added 19 to close at US$2, after writing down the cost of the mired Crown Jewel project in Washington state. Its partner, Crown Resources, rose 13 to US$1.16.
Palladium prices skyrocketed above US$570 per oz., while platinum flirted with US$500, sending Stillwater Mining soaring to an all-time high of US$41, up $6.94.
Copper prices edged downward to US82 per lb., sending Phelps Dodge off $3.50 to US$55.38. Class A shares of Freeport-McMoRan Copper & Gold rose 56 to US$18, while American Depository Receipts for Rio Tinto fell $1.44 to US$74.56.
Nasdaq-junior Chief Consolidated Mining gained 50 to close at US$2.50.
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