NEW YORK, NY / ACCESSWIRE / March 22, 2018 / The Federal Reserve announced it would be raising interest rates by 25 basis points. Shortly after the Fed's announcements, stocks hit the session highs. However, major Indexes closed lower Wednesday, probably as a reaction to the Fed's rate-hike forecast for 2019. The Dow Jones Industrial Average declined 0.18 percent to close at 24,682.31, while the S&P 500 Index also decreased 0.18 percent to close at 2,711.93. The Nasdaq Composite Index fell 0.26 percent to close at 7,345.29.

"The initial reaction in stock was because the median dot plot didn't go up for 2018," said James Athey, senior investment manager at Aberdeen Standard Investments, according to CNBC. "Then there was the more concerned reaction, with investors saying: 'Hold on, there's one more rate hike in for 2019.'"

RDI Initiates Coverage on:

Yamana Gold Inc.
https://rdinvesting.com/news/?ticker=AUY

Barrick Gold Corp.
https://rdinvesting.com/news/?ticker=ABX

Yamana Gold's stock jumped 5.73% Wednesday, to close the day at $2.77. The stock recorded a trading volume of 17,123,458 shares, which was above its three months average volume of 13,736,536 shares. In the last year, Yamana Gold's shares have traded in a range of 2.21 - 3.80. The share price has gained 25.34% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $2.99 is greater than its 200-day moving average of $2.88. Shares of Yamana Gold have fallen roughly 7.97 percent in the past month and are down 11.22 percent year-to-date.

Access RDI's Yamana Gold Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AUY

On Wednesday, shares of Barrick Gold recorded a trading volume of 15,069,290 shares, which was above the three months average volume of 13,095,776 shares. The stock ended the day 2.57% higher at 12.35. The stock is currently trading 39.34% below its 52-week high with a 52-week trading range of 11.07 - 20.36. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $12.66 is below its 200-day moving average of $14.52. Shares of the company are trading at a Price to Earnings ratio of 10.04. Shares of Barrick Gold have fallen roughly 2.45 percent in the past month and are down 14.65 percent year-to-date.

Access RDI's Barrick Gold Corp. Research Report at:
https://rdinvesting.com/news/?ticker=ABX

Our Actionable Research on Yamana Gold Inc. (NYSE:AUY) and Barrick Gold Corp. (NYSE:ABX) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com