Key Points The U.S. Federal Reserve raised interest rates for the first time in three years yesterday. The new target interest rate of 4% makes savings relatively more attractive than gold. Gold prices fell yesterday, but are rising again today. 10 stocks we like better than Goldgroup Mining › Goldgroup Mining (NYSEMKT: GORO) stock jumped more than 6% in early trading Thursday before retreating to just a 0.6% gain as of 11:11 a.m. ET. The stock bounced back from a sell-off yesterday, after the U.S. Federal Reserve raised interest rates yesterday for the first time in three years. But already, investors seem to be rethinking that move. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.
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