For April delivery, gold is advancing 1.59% to $1,239.80 per ounce on the COMEX this afternoon.
The precious metal is getting a boost from data that showed U.S. home sales fell 2.5% in January, while economists were expecting a 0.5% increase, the Wall Street Journal reports.
The data added to concerns that the U.S. economy is slowing, which prompted safe-haven investing in gold.
"Gold has done extremely well today, in spite of better stocks, in spite of a stronger dollar," George Gero, a senior vice president at RBC Capital Markets, told the Journal.
The metal has gained more than 16% since the start of the year on global market instability and concerns about slowing economic growth around the world.
Harmony Gold is South Africa-based gold mining and exploration company that operates in South Africa and Papua New Guinea.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
This is driven by multiple weaknesses, 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.
The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and poor profit margins.
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: HMY