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home / news releases / GLDW - Gold And Silver Broke Through 6-Year Base Mining Shares Present Great Values


GLDW - Gold And Silver Broke Through 6-Year Base Mining Shares Present Great Values

Gold broke through 6 year resistance eyeing $1,660, Silver is set to outperform gold, boosted by first Fed rate cut since 2008 crisis

The Federal Reserve cut interest rates on Wednesday (July 31, 2019) for the first time in more than a decade. It was trying to keep America’s record-long economic expansion going by insulating the economy from mounting global threats.

Source: US Federal Reserve

August 1, 2019, just a day after Fed rate cut, US President Donald Trump said the US would place a 10 per cent tariff on $300bn in additional Chinese goods.

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Stock Information

Company Name: SPDR Long Dollar Gold Trust
Stock Symbol: GLDW
Market: NYSE

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