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...Yamana Gold is engaged in the exploration, development, extraction, processing and reclamation of gold and other precious metals mining throughout the Americas including Brazil, Argentina, Chile, Mexico and Colombia. As of Dec 31 2011, total proven reserves for gold, silver, cooper, zinc and molybdenum was 618,709,000 tonnes, 27,316,000 tonnes, 387,660,000 tonnes, 5,004,000 tonnes and 32,000,000 tonnes, respectively.
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