A big CPI number buoys markets, and copper has a good week
A good inflation report pushed the gold market to a three-week high, with prices holding solidly above $1,950 an ounce, and sentiment turning bullish, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable.
Kitco NEWS Roundtable · Michael McCrae
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Show Notes
A good inflation report pushed the gold market to a three-week high, with prices holding solidly above $1,950 an ounce, and sentiment turning bullish, noted mining audiences manager Michael McCrae.
On Saturday McCrae recorded Kitco Roundtable.
Roundtable covered the lift in metal prices due to good inflation numbers. The Consumer Price Index dropped to 3%. The Producer Price Index for final demand rose 0.1%. Economists surveyed by Dow Jones were expecting an increase in the PPI of 0.2%.
Roundtable also features an interview with Fastmarkets' CEO Raju Daswani. Last month Raju hosted his company's 15th Lithium Supply and Battery Raw Materials 2023 show held in Henderson, Nevada.