For April delivery, gold is up by 0.13% to $1,117.60 per ounce on the COMEX this morning.
The price of the precious metal is also getting a lift from U.S. data that showed economic growth slowed sharply in the fourth quarter, Reuters reports.
In January, gold has climbed by almost 5%, supported by concerns over the global growth outlook, which has raised questions about the pace of future U.S. interest rate hikes.
"Maybe things won't be this bad next month in the wider markets, so it is possible that if ETF flows are subsiding, prices will be lower too," Macquarie analyst Matthew Turner told Reuters.
"But one positive lesson we can learn from this month is that gold does still have a safe-haven role and that could stand it in good stead through a testing year to come."
Yamana Gold is a Canada-based gold producer.
Separately, TheStreet Ratings Team has a "sell" rating with a score of D on the stock.
This is driven by some concerns, which 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 covered by the team.
The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.