Precious metals recover after Monday's shellacking and lithium miners start cutting production
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Kitco News - Markets had a gut-wrenching Monday when the Nikkei plunged 12% which set off a global stock rout, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable sponsored by Revival Gold. The Nikkei news fed the narrative that the Fed may not be able to engineer a soft landing, and a recession could be in the cards. The soft labor market report at the start of the month added to the narrative.Copper had a tough go of it, reflecting general con...
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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