Kitco NEWS Roundtable Kitco NEWS
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- Business
Join Kitco Kitco correspondent Paul Harris and mining audiences manager Michael McCrae who highlight the biggest news in precious metals and mining.
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Metals trade down, and Vale and Pilbara Minerals step on the gas
Precious and industrial metals end the week on a down note, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable. Metals fell after the latest data showed the U.S. housing market underperformed expectations in May, and more investors become spooked about a broader market downturn. In mining news, both Pilbara Minerals and Vale announced big expansion plans.
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One rate cut this year expected from the Fed and the bottom may be in nickel
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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Metals drop on PCE report, and BHP won't get Anglo
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...
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Gold has worst sell off in eight months, but financings are up
The Federal Reserve put the brake on the metals rally.On Friday mining audiences manager Michael McCrae recorded Kitco Roundtable sponsored by Snowline Gold. At the start of the week, gold prices rallied to a record high above $2,450 an ounce as markets started to solidify expectations that the Federal Reserve was on track to cut rates two times this year, according to a report by Editor Neils Christensen. But at the May FOMC meeting, the minutes showed a general lack of confidence ...
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Gold, silver and copper all make big moves, and riots in New Caledonia give nickel a boost
Just ahead of the weekend, silver prices have broken above $30 an ounce, hitting an 11 year high, and the metal is up nearly $10 for the year, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable sponsored by Snowline Gold. Silver miners have broken higher. This month First Majestic is up 16%, Hecla Mining gained 14% and Endeavour Silver jumped 46%. Soaring silver prices have pushed the gold-silver ratio below 80 points, and it...
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Copper and gold trade higher, and the Philippines want in the nickel game
After two weeks of consolidation, gold is attracting some new bullish attention after holding initial support at around $2,300 an ounce, noted mining audiences manager Michael McCrae. On Saturday, McCrae recorded Kitco Roundtable. Bouncing off its lows at the start of the week, gold hit a two-week high finishing the week at $2,360 level, up about $30 for the week. Silver has managed to push back above $28 an ounce after holding critical support levels. Copper soared finishing t...