For December delivery, gold was rising 0.66% to $1,325.80 per ounce on the COMEX this afternoon.
The metal was gaining today as the dollar index fell on a weaker-than-expected jobs report for August.
The U.S. Labor Department reported earlier today that nonfarm payroll employment grew by 151,000 in August vs. an increase of 275,000 in July.
Analysts surveyed by the Wall Street Journal were expecting a rise of 181,000 this past month following robust growth in July and June.
The dollar fell after the report which positively impacted gold prices. The metal is priced in the greenback and becomes less expensive and therefore more attractive to foreign investors when the dollar loses strength.
Barrick Gold is a Toronto-based gold exploration and 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 rated this stock as a "hold" with a ratings score of C.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity.
You can view the full analysis from the report here: ABX