For August delivery, gold is decreasing by 0.38% to $1,227.50 per ounce on the COMEX this afternoon.
The yellow metal is being weighed down by expectations that the Federal Reserve will raise interest rates this year, the Wall Street Journal reports.
Gold is non-interest paying and struggles to compete with assets that offer a yield when interest rates are increased.
"The economic data is firming up in the US and this is making the dollar stronger," Naeem Aslam, chief market analyst at Think Forex, told Reuters, "Traders are of the mind-set that the Fed will increase the interest rate in June."
But gold has gained 15% since the start of the year amid a weaker dollar and strong safe-haven demand, the Journal said.
Kinross Gold 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 and solid stock price performance.
However, the team also finds that the company's cash flow from its operations has been weak overall.
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