Jobs data jolts commodities and battery metal sector stays busy
Many commodities were routed in October, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris.
Kitco NEWS Roundtable · Paul Harris, Michael McCrae
Audio is streamed directly from the publisher (cdn.simplecast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Many commodities were routed in October, noted mining audiences manager Michael McCrae.
On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris.
Gold prices dropped to a fresh seven months below after data showed that the us economy created 336,000 jobs last month, significantly beating the market's expectations. However, according to some analysts, disappointing wage growth and an unchanged unemployment rate gives the federal reserve room to leave rates on change next month.
And with that gold recovered slightly and finished the week in the 1840 range, copper traded lower this week to hitting its lowest point since May. The big commodity surprise was oil. Early this month, oil looked like it might crest $100 a barrel prices, but prices retreated sharply, and now a barrel can be had for the low 80s.