The gold worth trended decrease this week, dipping briefly beneath US$1,900 per ounce halfway by the interval. The yellow steel stays traditionally excessive, however because the summer season months start it is fallen from the peaks seen earlier in 2023.
US Federal Reserve Chair Jerome Powell spoke on Wednesday (June 28) at a financial coverage discussion board in Portugal, and he stated there’s nonetheless a danger of doing too little to curb inflation; he additionally famous that he would not see inflation returning to the focused 2 p.c stage this 12 months and even subsequent 12 months. Nonetheless, he remained as cagey as ever concerning the Fed’s future plans, saying solely that almost all officers anticipate two extra price hikes this 12 months. It is doable that these potential will increase may very well be consecutive.
The Fed left charges flat at 5 to five.25 p.c at its most up-to-date assembly, and can convene once more from July 25 to 26.
This uranium bull cycle is “night time and day totally different”
The uranium sector continues to draw curiosity from traders because the spot worth strikes steadily greater, and I not too long ago had the possibility to talk with Justin Huhn of Uranium Insider, who gave an awesome overview of the market.
In the course of the dialog he honed in on supply-side issues, explaining how Kazakhstan’s deepening relationships with Russia and China may trigger main issues down the highway for western utilities. Along with that, Huhn spoke concerning the variations between the final uranium bull market and the cycle we’re in at this time.
“The one factor we’re not seeing proper now could be capital flows because of a common risk-off surroundings within the capital markets,” he defined. “Will that flip? No one can predict that. I imagine that it’ll ultimately, and I additionally assume that this market goes to supply a novel alternative the place you even have a rising commodity surroundings, although we could be going into some kind of deflationary surroundings, at the very least for the quick and close to time period.”
The total interview with Huhn additionally consists of his ideas on costs and shares. You’ll be able to watch it right here.
Coming quickly — Fastmarkets lithium interviews
Fastmarkets’ annual Lithium Provide and Battery Uncooked Supplies occasion simply wrapped up, and subsequent week we’ll be publishing interviews from the present. INN’s Priscila Barrera was on the ground, and she or he’s already written concerning the key themes that have been mentioned, akin to future traits in battery chemistry and the rising gulf between provide and demand for battery uncooked supplies.
Keep tuned for extra protection of the Fastmarkets convention, together with interviews with lithium consultants Joe Lowry, Howard Klein, Rodney Hooper and extra. You may as well click on right here and right here for panel recaps.
Need extra YouTube content material? Take a look at our knowledgeable market commentary playlist, which options interviews with key figures within the useful resource area. If there’s somebody you’d wish to see us interview, please ship an electronic mail to cmcleod@investingnews.com.
And remember to observe us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the knowledge reported within the interviews it conducts. The opinions expressed in these interviews don’t replicate the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.
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