For December delivery, gold was up 0.24% to $1,346.40 per ounce on the COMEX this afternoon.
Gold prices were increasing today amid a declining dollar and reduced expectations for a U.S. interest rate hike this year, Reuters reports.
The precious metal is more expensive to foreign currency holders when the greenback is strong. Gold also struggles to compete with assets that offer a yield when interest rates are raised.
"In general the negative rate environment, particularly in the euro zone and Japan, is going to keep gold well bid and even though we may be seeing some tempering of gold's gains by the pretty strong equity market performance right now, that is going to come into question as the Fed looks to raise rates," Mitsubishi strategist Jonathan Butler told Reuters.
Kinross is a Toronto-based gold mining company.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance.
But the team also finds that the company's return on equity has been disappointing.
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