The price of the precious metal is increasing today as investors are looking toward upcoming economic data out of the U.S. for hints as to when the Fed will hike interest rates, MarketWatch reports.
"The chances of a U.S. interest-rate rise in June are extremely slim, and I also think that there is the potential for gold to continue advancing in the short term if tomorrow's U.S. retail sales report continues to highlight that consumers are not spending," and puts further downward pressure on the dollar," Jameel Ahmad, chief market analyst at FXTM said in a note, MarketWatch added.
Gold for August delivery is rising by 0.71% to $1,185.90 per ounce on the COMEX this afternoon.
Separately, TheStreet Ratings team rates GOLD FIELDS LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOLD FIELDS LTD (GFI) a SELL. This is driven by some concerns, 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, poor profit margins and weak operating cash flow."