Gold for February delivery is down 0.13% to $1,14.40 per once on the COMEX this afternoon.
Futures were changing direction from yesterday's gain following the Federal Reserve's decision to keep interest rates unchanged. The central bank added that it was "closely monitoring" global economic and financial developments.
"(Gold) did jump very much higher overnight, so we're seeing some selling into that rally right now," Mitsubishi analyst Jonathan Butler told Reuters.
Despite being pressured by gold prices, Barrick Gold is Canada's best-performing stock as its shares are up 29% this year in Toronto, Bloomberg reports.
Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: ABX