Gold prices rose today in the wake of weaker-than-anticipated U.S. economic data, the Wall Street Journal reports.
On Friday, data showed that U.S. GDP rose 1.2% in the second quarter, while economists were expecting an increase of 2.6%.
The report could undermine the case for the Federal Reserve to hike interest rates soon, the Journal noted.
The precious metal is non-interest paying and struggles to compete with assets that offer a yield when interest rates are increased.
For December delivery, gold is rising 0.23% to $1,360.60 per ounce on the COMEX this afternoon.
Gold Fields is a Johannesburg, South Africa-based gold mining company.
Separately, 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 team rates Gold Fields as a Sell with a ratings score of D+. This is driven by multiple weaknesses, which the team believes 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 the team covers.
You can view the full analysis from the report here: GFIGFI data by YCharts