4 min
Gold has worst sell off in eight months, but financings are up Kitco NEWS Roundtable
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- Investing
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 ...
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 ...
4 min