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Barrick Gold (ABX) Stock Declines Alongside Gold Prices

NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) were down 6.94% to $18.69 in mid-afternoon trading on Wednesday as lower gold prices weighed on the Canadian gold producer.

Gold for December delivery was declining 1.23% to $1,329.60 per ounce on the COMEX earlier today.

The precious metal is under pressure as a stronger greenback makes dollar-denominated commodities more expensive and less desirable to foreign buyers.

Investors are also looking to Federal Reserve Chairwoman Janet Yellen's speech at the Jackson Hole Symposium on Friday for indications...


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