For August delivery, gold is increasing 0.39% to $1,323.10 per ounce on the COMEX this morning.
The price of the yellow metal is gaining today as the dollar declines. Gold is more expensive to foreign currency holders when the greenback is strong.
Gold is also getting a lift from higher safe-haven demand today due to longer-term financial uncertainty about Britain's decision to exit the European Union, Reuters reports.
"Although there are still big uncertainties ahead, looking at the way equities have performed over the past couple of days, a risk-on mentality is definitely coming back," Jonathan Butler, precious metals strategist at Mitsubishi, told Reuters.
"In the medium term, gold is going to be supported by the unlikelihood that the Fed will raise rates in the next couple of months," he added.
The metal is non-interest paying and struggles to compete with assets that bear a yield when interest rates are increased.
Toronto-based Yamana is a gold and copper exploration company that operates seven mines and oversees several ongoing development projects in Brazil, Argentina and Chile.
(Yamana is held in David Peltier's Stocks Under $10 portfolio. See all of his holdings with a free trial.)
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.
This is driven by a number of negative factors, which 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 covered.
Among the areas the team believes are negative, one of the most important has been an overall disappointing return on equity.
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 article's author.
You can view the full analysis from the report here: AUY