• Another excellent week for copper and gold

  • Apr 7 2024
  • Length: 3 mins
  • Podcast

Another excellent week for copper and gold

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  • Summary

  • Gold jumped another 5% this week with June gold futures hitting $2,350 an ounce.

    On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.

    Copper was also on fire, which were up 4.6% for the week to close above $4.20.

    The copper miners are up 20% year to date and trading at a 52 week high. Gold miners are up just 10% year to date, according to the GDX.

    U.S. job growth blew past expectations in March and wages increased at a steady clip. However the strong job numbers suggest that the Federal Reserve will put off a rate hike to later this year.
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