Timmins Gold Corp T.TMM

Metals & Mining Gold

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."

TSX:TMM - Post by User

Timmins Gold Corp > When the Fed raises interest rates gold will drop further

<< Previous

Bullboard Posts

Next >>

Post by handyrandy321on Mar 06, 2015 1:27pm

119 Views

Post# 23498171

When the Fed raises interest rates gold will drop further

(Kitco News) - The sell-off in the gold market is accelerating as midday approaches Friday. Prices are sharply lower and hit a nine-week low as heavy technical selling is featured, including sell stop orders being triggered on the way down. Fundamentally, a robust U.S. jobs report Friday morning has many market watchers now thinking the Federal Reserve will move to raise U.S. interest rates sooner rather than later--possibly as soon as June. The other major bearish element for the gold and silver markets is the strong rally in the U.S. dollar index, which hit an 11.5-year high on Friday. April Comex gold futures were last down $23.80 an ounce at $1,172.30.

https://www.kitco.com/news/2015-03-06/Gold-Update0306.html

24 hr gold chart