For August delivery, gold is down 1.03% to $1,318.60 per ounce on the COMEX this morning.
Gold prices hit their lowest level in three weeks today due to higher equities and as the dollar reached a four-month high, Reuters reports.
The precious metal is more expensive to foreign investors when the dollar is strong.
Gold is non-interest paying and has difficulty competing with assets that bear a yield when interest rates are increased.
"The probability of a U.S. Federal rate hike has increased as of today. Some expectations of a rate hike have come back," OCBC Bank analyst Barnabas Gan told Reuters.
New Gold is a Vancouver-based gold mining company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.
This is driven by a few notable 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.
Among the that are negative, one of the most important has been weak operating cash flow.
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: NGD