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Why Yamana Gold (AUY) Stock is Surging Today

NEW YORK (TheStreet) --Shares of Yamana Gold (AUY - Get Report) are higher by 8.11% to $4.93 on Friday afternoon, as gold mining stocks rise today thanks to the rally in the price of the precious metal.

Gold soared to a 15-month high due to the decline in the dollar. When the greenback is weak assets priced in the dollar become less expensive to those that hold other currencies.

Gold for June delivery is gaining by 2.06% to $1,292.60 per ounce on the COMEX this afternoon.

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