U.S. gold futures for February 2015 delivery was up 2.2% to $1,207.90 an ounce on the Comex Tuesday morning. Spot gold prices were gaining 1.9% to $1,205 an ounce.
Gold prices were gaining as a result of a weaker dollar due to tension between Russia and the West, according to Reuters.
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"Gold... has been on something of a roller coaster for the past few days," Ed Meir, an analyst at INTL FCStone, told Reuters. "We suspect that the dollar weakening against the yen may have triggered some buying and also equity weakness, particularly in many emerging markets."
TheStreet Ratings team rates BARRICK GOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate BARRICK GOLD CORP (ABX) a SELL. This is driven by multiple 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 unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."