The precious metal was up 0.83% to $1,209.40 per ounce on Wednesday. Gold prices had dipped below $1,200 an ounce yet again on Tuesday after they closed above $1,200 for the first time since the end of October on Monday, according to MarketWatch.
Gold prices rose Monday in part because Moody's Investor Services decreased Japan's sovereign credit rating thanks to challenges to the country's prime minister, who is trying to support sustained economic growth in the nation. A soft dollar also helped gold prices rise.
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Separately, TheStreet Ratings team rates IAMGOLD CORP as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate IAMGOLD CORP (IAG) a SELL. This is driven by several weaknesses, which we believe 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 we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself."