Why Did SSR Mining Stock Pop Today?
Forget about predicting gold prices. Is SSR Mining stock cheap or not -- and how fast is it growing?
Overview
SSR Mining (NASDAQ: SSRM) stock jumped 3.6% through 10:25 a.m. ET Thursday, reversing course from a sell-off sparked when the U.S. Federal Reserve raised interest rates yesterday for the first time in three years.
Image source: Getty Images.
Complaining that "inflation is too high and has been for too long," new Federal Reserve chairman Kevin Warsh said the Fed will raise its target interest rate by 0.25%. The new range, 3.75% to 4%, means mortgages are about to become more expensive, credit card interest rates will rise, and bond yields will go up.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.