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IAMGOLD (IAG) Stock Climbs on Higher Gold Prices

NEW YORK (TheStreet) -- Shares of IAMGOLD (IAG) are up 3.56% to $4.80 in mid-afternoon trading on Wednesday, reflecting the recovery in gold prices earlier today.

For December delivery, gold is advancing 0.47% to $1,334.50 per ounce on the COMEX this afternoon.

Analysts expect gold prices to be stagnant until later today when the Fed releases the outcome of its two-day policy meeting, the Wall Street Journal reports. While investors don't expect the agency to increase rates today, they do expect it to release a positive policy statement that will foreshadow a rate hike around December.

"This week the market is...