Hycroft Mining Holding Corporation (HYMC) in Denver, Colo., is a gold and silver producer. The company's primary mining reserves are located in Nevada. Shares of HYMC have gained 124.2% in price year-to-date and 256.4% over the past month, thanks to bullish investor sentiment surrounding precious metals amid continuing market weakness.
However, because the Fed Reserves’ interest rate hike increase yesterday strengthens the U.S. dollar, gold prices are expected to fall slightly in the near term. Furthermore, with multiple conflict resolution talks between Russia and Ukraine and slumping oil prices, gold bullion prices fell 1.2% following the Fed’s announcement.
