NEW YORK, August 18, 2016 /PRNewswire/ --

A summary from July's FOMC meeting showed that some officials wished for sooner interest rate hikes, but the overall tone was that of uncertainty due to post Brexit concerns and the continued evaluation of domestic and international economic data. During the start of the trading day, most indexes were in the red, while commodities like Gold were hovering at the day's low. Soon after the FOMC minutes were released and the fog surrounding interest rate hikes were cleared, most indexes turned green by the end of the day along with certain commodities. Direxion Shares Exchange Traded Fund Trust (NYSEARCA: NUGT), Market Vectors Gold Miners ETF (NYSEARCA: GDX), Brazil Resources Inc. (BRI.V), Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ), SPDR Gold Trust (NYSEARCA: GLD)

The FOMC minutes caused the Fed Funds futures market for the year to fall. December's rate hike chances tumbled below 50 percent to 46%, which is still a high percentage, but many traders now are betting that a rate hike will most likely come in early 2017. Commodities like Gold, began to rebound off the day's lows and closing near their highs of the day.

Shares of the Direxion Shares Exchange Traded Fund Trust (NUGT) fell as low as $145.11 before rebounding to a high of $159.87. This Direxion Daily Gold Miners Index focuses on 3x shares and 3x leveraged exchange-traded fund that is used to track the movement of Gold prices. Then there is Market Vectors Gold Miners ETF (NYSEARCA: GDX) which also tracks the sector movements of Gold Miners. Shares of GDX hit a low of $29.66 for the day before closing at $30.37.

Some Junior Gold Miners, such as Brazil Resources Inc. (TSX-V: BRI), tumbled to a low of $2.05 before closing at $2.24, or rebounding 9.2% intraday. Brazil Resources Inc. focuses their attention on development and acquisition of projects producing gold districts and other mineral properties in Brazil, the United States, Canada, and Paraguay. Shares continue to be one of Canada's most active companies in the gold sector.

Brazil Resources Inc. announced back in May the results of a National Instrument 43-101 ("NI 43-101") mineral resource estimate for the Raintree West deposit, one of several porphyry centers identified on the Whistler Project, Alaska. The 100%-owned district-scale Whistler Project (170 sq km) is located 150 kilometres northwest of Anchorage, Alaska. CEO, Garnet Dawson, stated in May of this year that, "We are pleased to report this maiden NI 43-101 resource estimate for the Raintree West deposit, which builds on the multi-million ounce gold resource reported over the last year on the Whistler Project. This estimate increases BRI's indicated resource to 3.2 Moz gold (4.2 Moz gold equivalent) and our inferred resource to 7.0 Moz gold (9.1 Moz gold equivalent; Table 4). In conjunction with advancing our existing project portfolio, the Company continues to evaluate resource-stage projects in the Americas for potential acquisition."

Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ), also tumbled down to $49.56 before closing at $50.69. This ETF tracks the sector movements of Junior Gold Miners. While finally, SPDR Gold Trust (NYSEARCA: GLD) closed at $128.51 or slightly green after falling down to a low of $127.46 for the day. SPDR Gold Trust (the Trust) is an investment trust. The Trust's business activity is investment in gold. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the expenses of the Trust's operations. The Shares are designed to provide investors with a way to invest in gold.

Even though there were some officials from the FOMC who desired for a sooner rate hikes. One thing is for certain, the optimistic chatter has definitely shifted from earlier in the year, but yet the FOMC is proceeding cautiously when it comes to raising rates.

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

For "The Latest Buzz in Financial News", Please Visit: http://www.FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com has not compensated for financial news pr services. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. We do not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security.  FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

Media Contact:
Danny A.
info@financialbuzz.com
+1-877-601-1879

SOURCE FinancialBuzz.com