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Barrick Gold (ABX) Stock Climbs on Higher Gold Prices

NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) were rising in late afternoon trading on Tuesday as gold prices rallied.

For December delivery, gold was up 2.01% to $1,353.30 per ounce on the COMEX this afternoon as the case for an upcoming interest rate hike lost steam.

On Tuesday, the Institute for Supply Management reported its monthly nonmanufacturing index for August at 51.4, down from 55.5 in July. August's reading indicates that the service sector grew at its lowest level since February 2010, the Wall Street Journal...