Fed Raises Rate, Gold Stocks & Gold Up!

March 15, 2017

1 min read

In News

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Janet Yellen, Chair of the Federal Reserve, announce a 0.25% point raise in its key interest rate.

Source CNN: Fed Raises Key Interest Rate

The price of gold responded sharply with the Fed announcement, spiking more than $20 per ounce. Gold Spot Price March 15

As can be seen in the chart above, the price jumped immediately with the announcement.

Gold stocks also saw a sharp intra-day price increase with the Fed’s announcement.

ARCA Gold Bugs Index March 15, 2017

At the moment, the Index is up over seven per cent, or $13.20, on the news of the quarter-point rate hike. The price of gold and gold stocks often correspond negatively to interest-rate increases, but the US Dollar also fell against the Canadian Dollar upon release of the Federal Reserve news.

About Chris Haugen

Christopher Haugen is driven to help the broader investment community better understand the current state of, and trends within, the mining investment industry. As the Host and Managing Editor of the Mining Stock Report, Mr. Haugen is working hard toward this evolving goal. With 20 years of experience in the investment industry focused primarily on the mineral resource sector, Christopher has developed into a strong proponent of laissez-faire economics, and hard assets such as gold and silver.

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Is It Time to Buy Silver Miners? The Gold:Silver Price Ratio Says YES!

The above chart is a 20-year snapshot that covers the Gold to Silver price ratio. It measures the number of silver ounces are needed to purchase a single ounce of gold. This bellwether indicator has crossed into new territory and is currently fluctuating between 85 and 83, which is significantly higher than the normal range.

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Fed Raises Rate, Gold Stocks & Gold Up!

About Chris Haugen

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