U.S. gold futures for August delivery settled down 1.5% to $1,184.10 an ounce.
At last check, U.S. gold futures for August delivery were lower by 1.51% to $1,183.80 an ounce as of 3:21 p.m. ET today, while spot gold was barely changed at $1,183.80 an ounce as of 3:30 p.m. ET.
Oil prices fell amid financial and economic uncertainty including concerns over the Greek debt crisis, according to Reuters.
Canada-based Yamana is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia.
Insight from TheStreet's Research Team:
Yamana Gold is a core holding of David Peltier's Stocks Under $10 Portfolio. During the most recent weekly roundup, this is what Dave had to say about the stock:
Yamana Gold (AUY; $3.20; 1,750 shares; 2.97%; Inflection Point; $12.50 price target): This gold-and-copper exploration company operates seven mines and several ongoing development projects in Brazil, Argentina and Chile. We bought 200 shares on Tuesday, some 2% lower than where the stock ended the week. The underlying price of gold has stabilized and management is focused on ramping productions and cutting costs.
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