Crypto and Gold Miners Sell-Off as Hot Jobs Data Cement September Fed Hike
Gold miners fall 1.9% and Bitcoin proxies sell off after August payrolls beat by 106,000, pushing September Fed hike odds to 60.2% from 49.4%.
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Equinox Gold Announces That The U.S. BLM Has Issued A Positive Record Of Decision For The Company's South Railroad Project In Nevada
Decision marks completion of federal permitting under the National Environmental Policy Act (NEPA) process. With the ROD now issued, early works construction at South Railroad has begun. Applications for key state
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Shares of precious metal-related companies are trading higher amid a rise in gold and silver in response to falling Treasury yields and a weakening dollar. Fed Governor Waller's comment that he is inclined to support holding interest rates steady may contribute to the metals' rally.
Shares of precious metal-related companies are trading higher as yields and dollar strength flatten. Investors may be turning to safe-haven assets due to inflation concerns and escalating conflict in the Middle East.
Shares of precious metal-related stocks are trading lower as climbing bond yields and August's economic data raise inflationary concerns and interest-rate hike expectations. A slightly stronger dollar may contribute to the a selloff of the commodity.