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Will Yamana Gold (AUY) Stock Gain on Higher Gold Prices?

NEW YORK (TheStreet) -- Shares of Yamana Gold (AUY) are declining 0.59% to $5.89 on Tuesday morning even though gold prices are trading in the green.

For August delivery, gold is up 0.28% to $1,333 per ounce on the COMEX this morning.

Gold prices are higher today on lower investor appetite for risk, Reuters reports. The precious metal is traditionally seen as a safe-haven asset.

Additionally, gold prices are being supported as European shares hit a...