For April delivery, gold is higher by 1.22% to $1,155.20 per ounce on the COMEX this afternoon.
Gold prices are getting a lift from a weaker dollar and increasing safe-haven demand, the Wall Street Journal reports.
Additionally, the price of the precious metal is being helped by yesterday's comments from William Dudley, president of the Federal Reserve Bank of New York.
Dudley said financial conditions have tightened significantly and a weaker global outlook could have "significant consequences" for the U.S. economy.
The non-interest paying metal struggles to compete with interest-paying assets when rates are raised.
Newmont Mining is a Greenwood Village, CO-based mining company focused on the production of and exploration for gold and copper.
About 11.94 million of the company's shares were traded by this afternoon, well above its average volume of 7.99 million shares per day.
Separately, TheStreet Ratings Team has a "hold" rating with a score of C- on the stock.
The primary factors that have impacted the 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 revenue growth, increase in net income and expanding profit margins.
As a counter to these strengths, the team finds that the stock has had a generally disappointing performance in the past year.
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.
You can view the full analysis from the report here: NEMNEM data by YCharts