47 min listen
Gold drops on hawkish Fed and Chinese EV sales are super-charged
Gold drops on hawkish Fed and Chinese EV sales are super-charged
ratings:
Length:
4 minutes
Released:
Jun 25, 2023
Format:
Podcast episode
Description
Gold ended its worst week since February as the Federal Reserve's outlook of two more rate hikes weighed on the precious metal. But some analysts don't see the macro picture supporting that hawkish view.On Saturday mining audiences manager recorded Kitco Roundtable. The gold market was down around $40 on the week, with August Comex gold futures last trading around the $1,930 level.China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package of tax breaks over four years for electric vehicles (EVs) and other green cars, its biggest yet for the industry as it seeks to boost slower auto sales growth, that according to Reuters.
Released:
Jun 25, 2023
Format:
Podcast episode
Titles in the series (100)
The company that is 'perfectly set up' for this market: B2Gold's recent quarter showed that the company will be a "cash machine," said the CEO of Troilus Gold, Justin Reid. Reid joined editor Neils Christensen; correspondent Paul Harris; and mining audiences manager, Michael McCrae, to record a podcast on Friday. by Kitco NEWS Roundtable