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by Stockwatch Business Reporter

New York spot gold closed up $3.90 to $1,193.20 Tuesday, rising with the U.S. dollar after some pleasing economic reports. Both new home sales and manufacturing are on the rise. Here in Canada the TSX Venture Exchange added 3.64 points to 674.20, while the TSX Gold Index lost a fraction to 165.90.

Canadian gold miners ended some down, others up. Goldcorp Inc. (G) lost 31 cents to $24.32, Agnico Eagle Mines Ltd. (AEM) lost 22 cents to $37.81, Yamana Gold Inc. (YRI) added 12 cents to $5.21 and Eldorado Gold Corp. (ELD) gained 26 cents to $6.59.

Cliff Davis's Eritrean gold and copper miner, Nevsun Resources Ltd. (NSU), rose four cents to $4.47 on 798,000 shares. Yesterday, the company said it had "experienced an act of vandalism" at its Bisha plant, which was already shut for some mechanical repairs. African media outlets, however, are reporting that the "vandals" were Ethiopian fighter jets trying to bomb the Bisha mine because it is one of Eritrea's larger sources of revenue. Fortunately, Nevsun does not seem too concerned, noting that the vandalism was minor. It still aims to resume production next week. Ethiopia and Eritrea have been at war for years. Nevsun last had to suspend work at Bisha because of violence in 1998 through 2001. By the time it started production in 2011 president Davis said, "I feel as safe [in Eritrea] as I do in Vancouver." He chalks up the negative Eritrean attention to outsiders misunderstanding the country. For his work in misunderstood Eritrea, he receives around $1.35-million a year. The Canadian government advises its citizens to avoid all non-essential travel.

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