Gold prices are rising after data showed that U.S. inflation increased by 1.4% year-over-year last month, the Wall Street Journal reports. A weaker dollar makes the precious metal less expensive to foreign investors.
However, some industry experts told the Journal that gold's rally may not continue much longer.
"Without too much fear around in the markets right now, we would not be surprised to see gold prices consolidate for longer," William Adams, head of research at Fastmarkets, told the Journal.
Gold for April delivery is up by 0.20% to $1,228.80 per ounce on the COMEX this afternoon.
Based in Toronto, IAMGOLD is a mid-tier mining company with four operating gold mines.
Separately, 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.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and weak operating cash flow.
You can view the full analysis from the report here: IAGIAG data by YCharts