43 min listen
Gold investors aren't profit taking yet and blockbuster M&A deal announced
Gold investors aren't profit taking yet and blockbuster M&A deal announced
ratings:
Length:
4 minutes
Released:
Apr 27, 2024
Format:
Podcast episode
Description
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. Gold investors could see higher volatility next week as the Federal Reserve is expected to signal it will not be ready to lower interest rates before the summer.The weakness comes as the Federal Reserve’s preferred inflation gauge – the core Personal Consumption Expenditures (PCE) index – showed that inflation remains higher than preferred, rising 2.8% over the prior year in March, above estimates for 2.7% On Wednesday the Fed will make an interest rate announced followed by a press briefing by U.S. Federal Reserve Chair Jerome Powell.Mid week Bloomberg reported that BHP Group has made an unsolicited offer for Anglo American. BHP Group is the world's largest diversified miner with a market cap of about $150 billion. The deal could equal $39 billion making it one of the largest mining deals in decades. BHP is interested in Anglo American's copper assets. Anglo American is expected to produce 730–790 kt of copper in 2024 mostly due to operations in Chile and Peru.
Released:
Apr 27, 2024
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