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Gold Summary for July 5, 2024

2024-07-05 17:11 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold rose $30.70 Friday, closing at $2,386.70. The TSX Venture Exchange added 5.88 points to 585.76 while the TSX gold index added 7.33 points to 334.87. Today is not just a typical slow Friday; it is a day sandwiched between Independence Day in the United States and a lazy summer weekend. While news was therefore as rare as bullion, at least some investors took time to buy or sell gold stocks today. Barrick Gold Corp. (ABX) added nine cents to $23.78 on 5.44 million shares and Calibre Mining Corp. (CXB) jumped 11 cents to $2.05 on 5.75 million shares.

Whatever optimism the market conjured yesterday for beleaguered Victoria Gold Corp. (VGCX) was absent today, as its stock slid 14 cents to 81 cents on 5.23 million shares. (For those just returning from a two-week vacation in the wilds, Victoria suffered a major failure in the leach pad at its Eagle mine in Yukon late last month, forcing a (one hopes) temporary closure of the mine and transforming Victoria's $7 stock into an 80-center.)

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