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Barrick Gold (ABX) Stock Falls on Lower Gold Prices

NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) are down by 2.13% to $21.57 in early afternoon trading on Tuesday, as lower gold prices weigh on some mining and related companies.

Gold for August delivery is down by 1.3% to $1,339 per ounce on the COMEX this afternoon.

The price of the precious metal has fallen two days in a row as Brexit uncertainties ease, thus decreasing demand for safe haven stocks.

"Tensions in Britain are easing for now, as the country will soon have a new prime minister," ActivTrades chief analyst Carlo Alberto de Casa told Reuters. "With the British pound gaining some...