Metals drop on PCE report, and BHP won't get Anglo
Listen now
Description
Commodities sold off this week on the personal consumption expenditures report released on Friday, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable sponsored by Snowline Gold. The report was mixed. Inflation tracked sideways and consumer spending weakened. Analysts say there is little clarity that U.S. central banks will be able to cut rates in the fall.On Wednesday it was announced that BHP (ASX: BHP) ended its attempt to buy Anglo A...
More Episodes
Financial markets ended the week on strong footing as stocks, gold, and Bitcoin all trended higher, with the S&P besting its previous all-time high by a hair, while gold bulls stampeded their way above $2,700/oz for the first time in history.On Saturday mining audiences manager Michael McCrae...
Published 10/19/24
Copper prices were down 1.7% for the week, but a weekend press conference by China's finance ministry could provide the metal with a lift. On Friday mining audiences manager Michael McCrae recorded Kitco Roundtable. China’s finance ministry holds a Saturday press conference to announce policies...
Published 10/12/24
Published 10/12/24