23.06.2014 - Euphoria in Gold's Price Elevates Miners
Almost a month after a rout in the price of gold sent mining stocks tumbling, a rally in the precious metal had them surging as doubts about the viability of the so-called economic recovery has investors thinking the Federal Reserve will continue to maintain its easy money policies. The best performer was El Dorado Gold , which jumped 9% on the day, while Yamana Gold and Kinross Gold each closed the day about 6% higher. The veneer of better jobless claims and regional manufacturing data was not enough to convince Fed directors they shouldn't keep their foot on the gas pedal for keeping interest rates near 0%, even if it meant igniting inflation later on..............................................Full Article: Source
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