Gold for August delivery is up 0.08% to $1,217.70 per ounce on the COMEX this morning.
Gold prices have been pressured this month as expectations for a U.S. interest rate hike continue to rise. Higher interest rates would boost the dollar, making gold more expensive to hold abroad.
The precious metal is expected to fall 6.3% in May as the dollar reaches a two-month high, Reuters reports.
"Short-term downside risks are primarily related to a further strengthening of the U.S. dollar and a further cooling of futures market sentiment," Julius Baer analysts said in a note, Reuters added.
Toronto-based Kinross Gold is a gold mining company with assets in the U.S., Chile, Ghana and other countries.
Separately, Kinross Gold has a "hold" rating and a letter grade of C- at TheStreet Ratings because of the company's revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance, which offsets weak operating cash flow.
You can view the full analysis from the report here: KGC
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.