For April delivery, gold is inching higher by 0.07% to $1,240 per ounce on the COMEX this afternoon.
The price of the yellow metal is getting a lift from rising safe-haven demand, which was spurred by volatility in equity markets, Reuters reports.
"Gold has put in a very good performance and the fact that we are seeing higher lows and higher highs points to a bullish scenario," Afshin Nabavi, head of trading at MKS, told Reuters.
"Overall buying is safe-haven related ... if we can stabilise around $1,250, a broader range of investors will come in," he noted.
The metal has gained about 16% this year as global stocks have fallen and concerns about an economic slowdown rose.
Gold Fields is a South Africa-based gold producer with eight operating mines in Australia, Ghana, Peru and South Africa.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
This is driven by some concerns, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.
Among the areas we feel are negative, one of the most important has been a 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: GFI