For April delivery, gold is rising by 1% to $1,107.30 per ounce on the COMEX this afternoon.
The price of the yellow metal is rallying today on a weaker dollar, declining oil prices and losses in the U.S. stock market, MarketWatch reports.
The Federal Open Market Committee is widely predicted to keep its federal funds rate unchanged at 0.25% to 0.50% at its meeting on Wednesday.
"Gold is going up because markets are beginning to realize that the Fed may be on hold [and] markets and traders are starting to unwind their bullish U.S. dollar bets," Ken Ford, president of Warwick Valley Financial Advisors told MarketWatch.
"If the global financial stress continues, there is a good chance the Fed has made its last interest [rate] hike for a while."
Kinross Gold is a Toronto-based gold mining company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on Kinross Gold.
This is driven by multiple weaknesses, which the team believes 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 it covers.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and 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: KGC