
The gold market is spinning its wheels, caught in a stalemate, which could create some profit-taking among investors and weigh on prices in the near term, noted mining audiences manager Michael McCrae.
On Saturday McCrae recorded Kitco Roundtable.
Heading into the weekend, markets continue to digest the disappointing nonfarm payrolls numbers. The U.S. economy created 175,000 jobs last month, according to the Bureau of Labor Statistics. The monthly figure missed expectations as economists were looking for job gains of 238,000.
May 4, 2024
5 min

Given higher than expected inflation print this week, the Federal Reserve is less likely to lower interest rates.
On Friday mining audiences manager recorded Kitco Roundtable.
Apr 27, 2024
4 min

With Middle East conflict unwinding, a focus on the Fed could slow gold's momentum.
On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.
Apr 20, 2024
2 min

Gold jumped another 5% this week with June gold futures hitting $2,350 an ounce.
On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.
Apr 7, 2024
3 min

Metals could get a lift with the Fed signaling that it wants to cut interest rates, note mining audiences manager Michael McCrae.
On Saturday McCrae recorded Kitco Roundtable.
Mar 23, 2024
3 min

Copper gained nearly 6% this week to trade above $4 pound, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable. Copper got a boost with news that potentially less metal will be available. According to Reuters, China announced that it was cutting production at some loss-making copper smelters. Copper bulls see years of low prices along with diminishing production as a good sign for the metal when the energy transition theme fully kicks in. The lithium sector looked bullish with big financings announced. Lithium Americas received a record $2.2 billion loan from the US Department of Energy (DOE) to finance the construction of processing facilities at Thacker Pass in Nevada. Liontown Resources (ASX:LTER) announced this week a A$550 million debt facility to fund the company's Kathleen Valley lithium project through first production and ramp-up to the 3Mtpa base case.
Mar 16, 2024
3 min

Gold's run is having limited benefit for gold miners, noted mining audiences manager Michael McCrae.
On Saturday, McCrae recorded Kitco Roundtable.
Mar 9, 2024
2 min

Both copper and gold were higher this week with signs that the Fed may be easing as soon as June. On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable with correspondent Paul Harris.
Feb 25, 2024
6 min

Gold recovered after tumbling mid week due to a hotter than expected CPI number, noted mining audiences manager Michael McCrae.
On Saturday McCrae and Kitco correspondent Paul Harris recorded Kitco Roundtable.
Feb 17, 2024
6 min

New Gold announced a big production update this week, noted mining audiences manager Michael McCrae.
On Saturday, McCrae recorded Kitco Roundtable with correspondent Paul Harris.
Feb 10, 2024
5 min
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