Gold for June delivery is down 0.12% to $1,220.10 per ounce on the COMEX this afternoon.
The dollar gained after comments from the Fed boosted expectations for an interest rate hike in April, Reuters reports.
Higher interest rates would support the dollar, making dollar-denominated commodities, such as gold, more expensive to hold abroad.
"While we have stated that Fed tightening may not be as negative for gold as in previous tightening cycles, an April rate rise would likely knock gold lower near term," HSBC analysts said, according to Reuters.
Eldorado Gold is a Vancouver-based gold mining company with operations in Turkey, China, Greece and other countries.
Separately, Eldorado Gold has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's unimpressive growth in net income, weak operating cash flow and generally disappointing stock performance.
You can view the full analysis from the report here: EGO
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 article's author.