Gold for April delivery is down 0.19% to $1,221.70 per ounce on the COMEX this afternoon.
Gold prices are dropping as the dollar increases, Marketwatch reports. A stronger greenback makes the precious metal more expensive to foreign investors.
The dollar is gaining due to increased expectations for a Federal Reserve rate hike in April, according to Marketwatch.
Based in Johannesburg, Harmony Gold Mining is a gold mining company that operates in South Africa and Papua New Guinea.
Separately, 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.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. This is driven by several weaknesses, which we believe 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 we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and poor profit margins.
You can view the full analysis from the report here: HMY