Actionable news
0
All posts from Actionable news
Actionable news in ABX: BARRICK GOLD Corp,

Barrick Gold (ABX) Stock Spikes, Gold Rallies on Fed's Cautious Outlook

NEW YORK (TheStreet) -- Barrick Gold Corp. (ABX - Get Report) shares are surging 4.08% to $14.54 Thursday as gold futures increased following the minutes from the Federal Reserve's March meeting released yesterday.

The Fed's minutes showed that policymakers were unclear about when interest rates would go up given the global economic risks, but they do expect to hike rates twice this year.

This uncertainty put pressure on gold, rekindling investor appetite for safe haven assets, Reuters...


More