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Barrick Gold (ABX) Stock Slumps on Lower Gold Prices

NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) were down midday Monday as gold prices traded in the red.

For December delivery, gold was recently declining 0.43% to $1,262.20 per ounce on the COMEX.

Gold prices were being pressured by a higher dollar this afternoon. The precious metal is more expensive to foreign investors when the greenback is stronger.

Additionally, strong U.S. economic data boosted expectations for the Federal Reserve to increase interest rates soon, the Wall Street Journal...