Gold fell by 1.5%, or $18.70 to settle at $1,199.40 per ounce this afternoon.
Gold dropped today as the dollar rebounded, climbing to its highest level since March 2009, Bloomberg reports.
Must Read: Warren Buffett's 25 Favorite Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
On Monday, gold rallied as much as 3.9% to a four week high of $1,212.60, Bloomberg added.
"The dollar's strength is gold's biggest enemy," Fain Shaffer, the president of Infinity Trading Corp. told Bloomberg.
Other gold stocks falling today include Yamana Gold Inc. (AUY) , lower by 3.69% to $3.91, Alamos Gold Inc. (AGI) , down by 1.35% to $7.29, and Kinross Gold Corp. (KGC) , slumping by 3.78% to $2.92 this afternoon.
Separately, TheStreet Ratings team rates GOLDCORP INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOLDCORP INC (GG) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share."