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Yamana Gold (AUY) Stock Up on Higher Gold Prices

NEW YORK (TheStreet) -- Shares of Yamana Gold (AUY) are advancing 2.35% to $5.88 late Wednesday morning as gold prices trade in the green.

For August delivery, gold is up 0.33% to $1,339.70 per ounce on the COMEX this morning.

Gold prices are recovering from their lowest in almost two weeks, as prospects for more economic stimulus helped boost investor appetite for the metal, Reuters reports.

Accommodative monetary policies favor gold and equities as low interest rates encourage investors to...