Actionable news
All posts from Actionable news
Actionable news in ABX: BARRICK GOLD Corp,

Barrick Gold (ABX) Stock Slips on Lower Gold Prices

NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) were slumping in late-morning trading on Wednesday as gold prices retreated.

For December delivery, gold was dropping 0.6% to $1,348.70 per ounce on the COMEX this morning.

The price of the precious metal was declining this morning as comments from Federal Reserve officials increased the prospects of an interest rate hike this year, Reuters reports.

New York Fed President William Dudley said a rate increase in September was possible.

Additionally, Atlanta Fed President Dennis Lockhart said the U.S. economy was probably strong...