43 min listen
Gold can't hold 2,000, Ero Copper and Vale make a deal
Gold can't hold 2,000, Ero Copper and Vale make a deal
ratings:
Length:
6 minutes
Released:
Nov 4, 2023
Format:
Podcast episode
Description
Gold is deferring a break higher, noted mining audiences manager Michael McCrae.On Saturday McCrae recorded Kitco Roundtable with correspondent Paul Harris.Key economic news this week was the jobs report. Non-farm payrolls number come in at up 150,000 versus market expectations of 170,000. The report fell into the camp of the U.S. monetary policy doves, who want the Federal Reserve to stop raising interest rates.Gold was helped but not much. Spot gold finished the week at $1,998 ounce.Gold’s inability to convincingly break above $2,000 an ounce is creating some cautious sentiment in the marketplace, with some analysts saying that prices might need to consolidate in the near term before the precious metal takes a run at its all-time highs, wrote Kitco editor Neils Christensen.In mining news Harris noted that Ero Copper agreed with Vale to enter into an earn-in agreement for a 60% interest in the Furnas copper project.
Released:
Nov 4, 2023
Format:
Podcast episode
Titles in the series (100)
Why silver will shine bright in 2021: The good news about the development of a vaccine is hammering gold, said Kitco editor Neils Christensen. Christensen joined Mining Audiences Manager Michael McCrae and Marcel de Groot, co-founder and president of Pathway Capital, to record Kitco Roundtable podcast on Friday. by Kitco NEWS Roundtable