Gold lifts off

Kitco Media
By Michael McCrae
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Updated
Kitco News
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Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

A less rosy jobs report helped gold end the week higher, noted mining audiences manager Michael McCrae.

On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and Aura Minerals CEO Rodrigo Barbosa.

U.S. employment data from December showed a slight slowdown in hiring. The U.S. unemployment rate dropped to 3.5%, beating market consensus calls of 3.7% for December.

As of noon Eastern time Friday, spot gold was trading at the $1,860 an ounce level, a range the metal hadn't seen in the last seven months.

Barbosa's Aura Minerals (TSE:ORA) is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas.

Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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