NEW YORK (TheStreet) -- Sibanye Gold Ltd.  (SBGL) - Get Reportstock is up by 2.98% to $14.53 in mid-afternoon trading on Thursday despite retreating gold prices.

Gold for April delivery is down by 0.23% to $1,221.20 per ounce on the COMEX this afternoon. 

Gold prices are falling on a stronger dollar and increased expectations that the Federal Reserve will raise interest rates within the first half of 2016, the Wall Street Journal reports. 

The precious metal struggles to compete with interest-bearing assets when rates are raised. 

Based in South Africa, Sibanye is a producer of gold that operates four underground and surface gold operations.

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