Harmony Gold Mining Stock Drops Nearly 12% Amid Rate Hike Fears
Harmony Gold Mining (HMY) stock fell nearly 12% over the week as rising expectations of Federal Reserve interest rate hikes reduced demand for gold and other non-interest-bearing assets. Bank of America revised its forecast, predicting three potential Fed rate increases this year compared to a previous projection of no moves by end-2026.
Tickers: $HMY
Topics: gold interest rates stock price movement