Gold for February delivery was back over $1,200 this afternoon, as it rose by $9.30, or 0.8%, to settle at $1,208.70 per ounce.
Gold was on the rise today following the release of data by the ADP Research Institute, which showed that last month employers did not add as many new employees as was previously expected, Bloomberg reports.
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The job figures led to an increase in demand for gold as a haven, according to Bloomberg.
Last month employers added 208,000 employees, falling short of the 222,000 that was expected, Bloomberg noted.
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."