Iamgold (iag) Stock Hits One-year Low As Gold Prices Slide

twocents@thestreet.com (Andrew Meola), The Street
Thu, 10/30/2014 - 12:10pm

NEW YORK (TheStreet) -- Shares of IAMGOLDa afell more than 15% to a 52-week low of $1.84 on Thursday as gold prices declined to less than $1,200 an ounce for the first time since October 3. Gold for December delivery sank 2.2% to $1,198.60 an ounce. The decline stemmed partially from the Federal Reserve's announcement that it would end its QE3 bond buying program. The news that the Fed had nixed the stimulus program indicated its confidence in the recovery of the U.S.

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Iamgold (iag) Stock Hits One-year Low As Gold Prices Slide

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