ORIONS Money Stocks

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The gold market gained ground today, with bullion rising more than $10 per ounce to $1,255. Ordinarily, news of an interest rate hike from the Federal Reserve would be bearish for gold mining companies like Goldcorp, because higher rates mean greater financing costs for commodity investors who own gold or have investment positions in the yellow metal. Yet some investors see the Fed decision as being less hawkish than it might have been, and the prospects of a little pain now in exchange for less-dramatic future moves could help support gold prices.