Gold spread declines from its worst week in six months as U.S. budget dialogues delayed, increasing concern lawmakers will flop to settle on an agreement to evade tax increases and spending cuts. Gold for instant delivery slipped as much as 0.3 percent to $1,652.20 an ounce and was slightly changed at $1,657.30. Prices dropped 2.3 percent last week, the largest loss since the period ended June 22. Gold for delivery in in February plunged 0.2 percent to $1,657 an ounce on the Comex. Gold moved up 5.9 percent this year, fixed for a 12th straight yearlyadvance. According to the U.S. Commodity Futures Trading Commission data, bets on a gold caucuscut down 13 percent to 112,421 contracts. Barrick Gold Corporation (USA) (NYSE:ABX) declined 0.77% with the closing price of $33.38. The overall volume in the last trading session was 12.92 million shares. Its fifty two week range was $31.00-$50.39. The total market capitalization remained $33.40 billion. ABX is ahead its 52 week low with 8.87% and its last month price volatility remained 2.07%. Its beta coefficient was 0.38 with a target price of $50.29. Company’s current year earnings per share grew with 29.15% while the five year EPS growth rate was +25.85%. Goldcorp Inc. (USA) (NYSE:GG) plunged -1.54% and closed at $35.20 with the overall traded volume of 9.45 million shares more than the average volume of 5.22 million. GG has earnings per share of $1.83 and its price to earnings ratio ended at 19.19. GG has market cap of 28.55 billion and its beta value stands at 0.51 times. Jaguar Mining Inc (USA) (NYSE:JAG) reported the fall of -19.56% to close at $0.582 and its total traded volume was 9.27 million shares. JAG has outstanding shares of 84.41 million with the total market cap of 49.17 million and its beta value stands at 1.36 times.

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