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Yamana Gold (AUY) Stock Up on Higher Gold Prices

NEW YORK (TheStreet) -- Shares of Yamana Gold (AUY) were increasing alongside gold prices in mid-morning trading on Monday.

The price of the precious metal edged higher this morning as disappointing U.S. retail sales data on Friday reduced expectations for an interest rate increase soon, Reuters reports.

Gold is non-interest paying and can struggle to compete with assets that bear a yield when the Federal Reserve hikes interest rates.

U.S. retail sales were flat in July, while analysts had expected sales to rise 0.4%.

Americans scaled...