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by Stockwatch Business Reporter

New York spot gold lost $2.10 to $1,201.80 Monday, as the U.S. dollar rose. Investors await United States Federal Reserve chairman Janet Yellen's testimony before Congress tomorrow. Here in Canada, the TSX Venture Exchange lost 2.71 points to 692.23, while the TSX Gold Index added 1.58 points to 177.38.

Canadian gold miners ended the day some up, others down. Goldcorp Inc. (G) rose 19 cents to $27.09, Agnico Eagle Mines Ltd. (AEM) rose 65 cents to $38.76 and Yamana Gold Inc. (YRI) added one cent to $4.94, while Barrick Gold Corp. (ABX) slipped 18 cents to $15.99.

This morning, 2,000 unionized workers went on on strike at Barrick's Lumwana copper mine in Zambia. They are worried about losing their jobs, after the company threatened to shut down the mine. This year, Zambia increased its mining royalty to 20 per cent from 6 per cent, and with the price of copper trading at a 5.5-year low, Barrick cannot afford the increase. The miner has been in discussions with the government, but chairman John Thornton did not ease any fears last week, when he said he plans to refocus the company solely on gold.

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