"It suggests that monetary policy will be more accommodative for a longer period of time than the markets generally anticipate," Nichols said.
Gold mining stocks were mostly lower on Thursday. Shares of
(KGC - Get Report) were off 1.8%, and shares of
(GG - Get Report) were dipping 1.5%.
Among volume leaders,
(ABX - Get Report) was slumping 1.3%, and
(NEM) was down 0.08%.
SPDR Gold Trust
(GLD) was slipping 0.82%, while
iShares Gold Trust
(IAU) was shedding 0.76%.
-- Written by Joe Deaux in New York.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts