Kitco News - In an historic week for the precious metals market, gold futures have shattered records, breaching the $2600 per troy ounce threshold for the first time.
On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.
Market are pivoting their attention to next week's Federal Open Market Committee (FOMC) meeting. This gathering is poised to be one of the year's most consequential, with widespread anticipation of the first interest rate cut since 2020. The consensus among analysts, economists, and market observers is that a rate reduction is all but certain. markets are currently pricing in a 73% chance of a 25 bps cut and a 27% chance of a 50 bps cut, according to CME FedWatch.
Early this week AngloGold Ashanti announced it is acquiring Egypt-focused Centamin for $2.5 billion in cash and stock. Anglogold dropped on the news, but recovered by the end of the week.
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