One rate cut this year expected from the Fed and the bottom may be

One rate cut this year expected from the Fed and the bottom may be in nickel

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Gold, silver and copper were all flat this week after big economic news from the Fed, noted Michael McCrae, mining audiences manager. On Saturday McCrae recorded an episode of Kitco Roundtable. On Wednesday the Consumer Price Index was released. The CPI declined to 3.3% on a yearly basis in May from 3.4% in April The latest inflation data was weaker than expected. The number was reassurance for the Fed that it is making progress in taming inflation. Later on Wednesday the Feder...

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Silver miners are up by double digits, and lithium gets a lift from a big financing deal

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 looks to China stimulus, and remarks by Burkina Faso president clips miners

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

Kitco NEWS Roundtable

Published 10/12/24