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Actionable news in AUY: YAMANA GOLD Inc,

Yamana Gold (AUY) Stock Slumps as Gold Prices Retreat

NEW YORK (TheStreet) -- Shares of Yamana Gold (AUY) are falling 2.07% to $5.45 late Friday morning as gold prices trade in the red.

For August delivery, gold is down 0.62% to $1,322.70 per ounce on the COMEX this afternoon.

Gold prices are declining today amid speculation that U.S. monetary policy could be tightened before the end of the year, Reuters reports.

The metal is non-interest paying and struggles to compete with assets that bear a yield when the Federal Reserve raises...


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