Gold Holds Steady Even as Fed Announces Another Rate Hike With More to Come This Year
At its June meeting, the U.S. Federal Reserve once again raised the federal-funds target rate 25 basis points to a range of 1.75%-2%. In addition, the majority of officials at the central bank now expects four rate hikes in 2018, compared with an even split between three and four hikes at the March meeting. The June rate hike was largely expected by the market, as options prices implied a more-than 91% probability prior to the announcement. Furthermore, the market appears largely unfazed by an a...Kinross Gold is engaged in the mining and processing of gold and, as a by-product, silver ore and the exploration for, and the acquisition of, gold bearing properties in the Americas, the Russian Federation, West Africa and worldwide. As of Dec 31 2013, Co.'s proven mineral reserves for gold and silver were 1,122 ounces and 1,179 ounces respectively.7,883 7,883 7,883
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