Gold for August delivery is increasing 0.21% to $1,219.20 on the COMEX this afternoon.
The precious metal is still on track to decline this month, making it the largest monthly drop since November, Reuters reports.
Gold prices have been pressured by higher expectations for a U.S. interest rate hike, which will boost the dollar, making gold and other dollar-denominated commodities more expensive to hold abroad.
"If you get a pick-up in growth expectations in the U.S. and aggressive rate hikes from the Fed, then you could revisit the low of the year (at $1,127.80), but I see that as an unlikely scenario," ABN Amro analyst Georgette Boele told Reuters.
Toronto-based IAMGOLD is a gold mining company with assets in West Africa and the Americas.
Separately, IAMGOLD has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's disappointing return on equity and poor profit margins.
You can view the full analysis from the report here: IAG
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 article's author.