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Barrick Gold (ABX) Stock Retreats on Lower Gold Prices

NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) are down by 3.99% to $19.73 in mid-afternoon trading on Monday, as oil prices continue to retreat for a third consecutive week.

Gold for August delivery is down by 0.35% to $1,326.90 per ounce on the COMEX.

The decrease in the price of the precious metal is a result of a strong dollar, as well as an increase in risk appetite that helped world stock markets hit near nine-month peaks, Reuters reports.

During a G20 meeting over the weekend, the world's major economies agreed to use all policy tools at their disposal in order to...