Gold prices are rising after the release of strong U.S. economic data, which could be a sign of inflation, the Wall Street Journal reports.
Demand for gold increases during periods of inflation because investors believe the precious metal maintains its value better than other assets, according to the Journal.
Gold for April delivery is up 0.76% to $1,240.20 per ounce on the COMEX this afternoon.
Based in South Africa, Gold Fields has eight operating mines in Australia, Ghana, Peru and South Africa.
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. This is driven by multiple weaknesses, 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 area that we feel has been the company's primary weakness has been its decline in the stock price during the past year.
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