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Barrick Gold (ABX) Stock Climbing as Gold Prices Rise

NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX - Get Report) are gaining by 5.88% to $10.45 in early afternoon trading on Wednesday, as stocks within the metal and mining sector get a boost from the rally in the price of gold.

The precious metal is trading in the green today due to the decline in the dollar. As the greenback slides gold becomes less expensive to those that hold foreign currencies as the metal is priced in the dollar.

Gold for April delivery is higher by 1.08% to $1,139.40 per ounce on the COMEX this afternoon.

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