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by Stockwatch Business Reporter

New York spot gold rose $10.50 to $1,291.80 Tuesday, rising as both the U.S. dollar and U.S. stock markets fell after several big-name companies reported disappointing earnings and weak outlooks for 2015. The TSX Venture Exchange added 2.38 points to 676.77 and the TSX Gold Index added 6.18 points to 194.22.

Major Canadian gold miners followed bullion higher. Agnico Eagle Mines Ltd. (AEM) gained $1.80 to $42.58, Goldcorp Inc. (G) gained 77 cents to $30.53, Eldorado Gold Corp. (ELD) rose 30 cents to $7.39 and Kinross Gold Corp. (K) added seven cents to $4.30.

Patrick Anderson and Tom Obradovich's Dalradian Resources Inc. (DNA) gained 12 cents to 99 cents on 1.95 million shares, after the company arranged to sell $11.3-million worth of units, or 9.9 per cent of the company, to Ross Beaty at 90 cents. Dalradian will use the money at its Curraghinalt gold project in Ireland, where it is working on a prefeasibility study. The company closed over $41-million in financings last year, thanks in part to Mr. Anderson's promotion of Curraghinalt as "a premium product in a scarcity market." The deposit is high-grade and a mine is projected to cost around $249-million. It is economic at $1,200 gold.

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