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by Stockwatch Business Reporter

New York spot closed down $13.70 to $1,260.10 Tuesday, falling with the U.S. dollar. The euro rose as Greece's new anti-austerity government made some conciliatory statements while it began negotiating with the European Union. Here in Canada, the TSX Venture Exchange added 7.07 points to 692.32, while the TSX Gold Index lost 7.24 points to 186.80.

Canadian gold miners ended the day down. Barrick Gold Corp. (ABX) lost 51 cents to $15.70, Kinross Gold Corp. (K) lost 20 cents to $4.08, Alamos Gold Inc. (AGI) lost six cents to $6.78 and Eldorado Gold Corp. (ELD) lost 32 cents to $6.17. Eldorado has dropped more than $3 this year, thanks to disappointing production numbers and the new Greek government. Last week, the new energy minister said he would "absolutely not" support a gold mine in the northern part of the country. Instead, he is pushing for more water buffalo farms and an increase in tourism. Not many foreigners choose the north over the Greek islands, unless they are seeking gay tourism along the Bulgarian border.

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