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Stock impact report

Here's Why Gold Stocks Rose as Much as 15.3% Today [The Motley Fool]

Eldorado Gold Corporation Ordinary Shares (EGO) 
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm Check Earnings Report
US:NYSE Investor Relations: eldoradogold.com/investors/default.aspx
Company Research Source: The Motley Fool
Here's Why Gold Stocks Rose as Much as 15.3% Today Comments from the U.S. central bank pushed gold prices to nearly $1,400 per ounce. After meeting on Wednesday, the U.S. Federal Reserve announced it wouldn't be making any changes to interest rates at this time . However, the central bank said it was open to the possibility of reducing interest rates in the future if economic indicators warranted action. That statement pushed down yields on three-month and two-year bonds but resulted in bullish trading activity for gold and other precious metals. In fact, the price of gold is flirting with $1,400 per ounce -- a level that hasn't been pierced since late 2013. That's having a positive effect on gold stocks, especially for small-cap companies most in need of a boost to operations. Shares of Eldorado Gold ( NYSE:EGO ) led the pack with gains as high as 15.3%. Shares of IAMGOLD ( NYSE:IAG ) weren't far behind with an intraday high of 14.4%. Meanwhile, shares of Coeur Mining ( NYSE:CDE ) Show less Read more
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