Gold Mining Industry Takes a Hit as Fed Rate Hike Looms Large

Gold Mining Industry Takes a Hit as Fed Rate Hike Looms Large

The price of gold bullion steadied this week, but continued to trade lower as a Fed rate hike gains ground. On Wednesday, 15 March 2017, the Fed will announce its decision vis-à-vis the federal funds rate. Analysts are expecting the Fed to pull the trigger with a 25-basis point rate hike to 0.75% â?? 1.00% …

[weiter lesen…]