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Yamana Gold (AUY) Stock Down on Lower Gold Prices

NEW YORK (TheStreet) -- Shares of Yamana Gold (AUY) were decreasing in mid-afternoon trading on Friday as gold prices fell.

For December delivery, gold was dropping 0.5% to $1,343.30 per ounce on the COMEX this afternoon.

Gold prices reversed earlier gains this afternoon amid strength in the U.S. stock market, MarketWatch reports.

The yellow metal often trades inversely with equities.

Earlier in the session, gold rose on a declining dollar. The precious metal is less expensive to foreign currency holders when the...