Gold for August delivery is up by 0.29% to $1,220.30 on the COMEX this afternoon.
The precious metal is nonetheless on track for its largest monthly decline since November, given the stronger dollar and expectations that the Federal Reserve will soon hike interest rates.
Consumer spending increased by the most in more than six years in April, indicating an acceleration in economic growth, Reuters notes. The improved economic outlook is fueling speculation that the Fed will boost interest rates.
Higher interest rates increase the opportunity cost of holding non-interest bearing assets such as gold. A rate hike also would strengthen the greenback, making dollar-denominated commodities such as gold more expensive to foreign buyers.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
Gold Fields's weaknesses include its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and feeble growth in its earnings per share.
You can view the full analysis from the report here: GFI
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.