NEW YORK (TheStreet) -- Shares of Yamana Gold (AUY) - Get Report were falling 3.1% to $3.63 Tuesday after gold prices hit a 4-month low early in the day.

Spot gold prices were down 0.5% to $1,147.30 an ounce on the Comex early Tuesday afternoon after falling to $1,142.86 an ounce earlier in the day, its lowest price since Nov. 7, 2014.

Gold prices were falling due to investors' concerns over the Federal Reserve policy meeting that will begin later on Tuesday, according to Reuters. Many analysts expect the Federal Reserve to remove a "patient" reference from its policy statement, which could bring it closer to raising interest rates, according to Reuters.

"We do expect gold to fall further if the Fed removes the word 'patient' from their statement and the trading action could be very volatile for investors," AvaTrade Chief Market Analyst Naeem Aslam told Reuters. Aslam added that the low price for gold could be around $1,058 an ounce.

Insight from TheStreet's Research Team

Yamana Gold is a core holding of David Peltier's Stocks Under $10 Portfolio. During the most recent weekly roundup, this is what Dave had to say about the stock: 

Yamana Gold (AUY; $3.75; 1,350 shares; 2.81%; Inflection Point; $12.50 price target): This gold-and- copper exploration company operates seven mines and several ongoing development projects in Brazil, Argentina and Chile. The stock finished the week little changes. Management is focused on cutting costs and we'd consider adding to our position on the next market pullback.

-David Peltier, "Stocks Under $10 Weekly Roundup" originally published 3/13/15 on TheStreet.com/StocksUnder$10