Gold pauses ahead of Fed meeting, Brent bounces and why gloomy commodity prices won't stop Australia's inflation woes just yet. from Cocktails and Commodities

Gold pauses ahead of Fed meeting, Brent bounces and why gloomy commodity prices won't stop Australia's inflation woes just yet.

15 minutes Posted Jun 7, 2023 at 10:18 am.

– The four commodities making headlines this week

– RBA increases rates for 12th time in 13 months

– Australia’s inflation is proving to rate resistant

– How Coles & Woolworths drove up milk prices

– High consumer food prices reflecting agricultural disruption from Ukraine invasion

– Fertiliser prices have a bigger impact on food prices than energy

– Exploration spending fell for the March quarter

– Uranium spot price run just beginning

– Economic nationalism and energy security changes sentiment toward nuclear energy

– EU becoming nuclear friendly

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Resource news in under 15 minutes: Iron ore, copper, gold and brent crude are all higher this week, but why? Mining exploration expenditure drops leaving many junior miners as potential takeover targets, why Namibia rattling the economic nationalism cage may be good for uranium stocks in the long run and how the global commodity price crash won’t stop Australia’s inflation woes just yet.

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