Mining Share Prices Boosted by Gold Price

The continued rise in the price of gold, as more investors buy gold, is having a knock on effect on the price of gold mining companies’ shares.

According to various articles in the media the leading international gold mining companies shares have raised in value sharply since gold broke through the $1,000 per ounce mark earlier in September. Companies reporting increased share value include Shandong Gold Mining Co Ltd, Zhongjin Gold Corp and Zijin Mining Group Co Ltd.

The increase in the price of gold is being fuelled by worries about economic instability and the falling value of the dollar.

Many analysts are predicting that the price of gold will rise further.

Link to this article: : http://www.goldmadesimplenews.com/gold/mining-share-prices-boosted-by-gold-price-441/

Posted by on Sep 23 2009. Filed under Gold News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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