Mississauga, ON -- (SBWIRE) -- 08/25/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "True Gold Mining Reports Q2 Results."
Companies mentioned in this article include SPDR Gold Trust ETF (NYSE:GLD) and TrueGold Mining (TSX-Venture:TGM).
Gold prices have come under pressure since the start of this year amid speculation that the Federal Reserve will hike interest rates. Gold saw a multi-year rally, which was driven primarily by the Federal Reserve's ultra-loose monetary policy.
In the last two weeks though, gold has once again found favor among investors. Indeed, during the current sell-off in equities, gold prices actually edged higher. In the last five trading sessions, the SPDR Gold Trust ETF (NYSE:GLD) has gained more than 2%.
The reason for this is that the current turmoil in financial markets has raised the question whether it would be appropriate for the Fed to raise rates. Several analysts believe that the rate hike will not happen this year in the wake of recent events.
The full version of this article can be found at:
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