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Here's Why Yamana Gold (AUY) Stock is Increasing Today

NEW YORK (TheStreet) -- Yamana Gold (AUY) shares are jumping 2.11% to $4.85 on Monday afternoon as gold prices gained on the weakening greenback.

The precious metal usually benefits from a weaker dollar since the dollar-priced metal becomes cheaper for foreign investors.

The Dollar Index recently declined to 86.88, the Wall Street Journal reports.

Additionally, the Federal Reserve has hinted that it was in no rush to raise short-term interest rates this year, also supporting gold futures.

Gold for June delivery is gaining 0.13% to $1,274.40 per...