Futures were down as investors looked to safe haven assets as risky amid higher oil prices and stocks, the Wall Street Journal reports.
Global stocks started strong today, removing the fear and uncertainty that previously propped up gold.
Gold for April delivery is tumbling 1% to $1,260.10 per ounce on the COMEX this afternoon.
Looking ahead, investors will be waiting for the outcome of the Federal Reserve's policy meeting from March 15 to March 16, which will give more clues about the central bank's interest rate plans.
Based in South Africa, Gold Fields operates as a gold mining company.
Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D.
This is driven by a few notable 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 unimpressive growth in net income.
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' author.
You can view the full analysis from the report here: GFI