Gold for April delivery is up 2.45% to $1,261.10 per ounce on the COMEX this afternoon.
Gold prices are rising after the Federal Reserve announced it would maintain interest rates, Bloomberg reports. Gold struggles to compete with interest-bearing assets when rates are raised.
Additionally, the Fed expects to raise interest rates twice this year, down from prior projections that the Fed would raise interest rates four times, the Wall Street Journal reports.
Based in South Africa, Gold Fields operates gold 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 several 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 company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share.
You can view the full analysis from the report here: GFI