Kitco News - Gold prices are ending the week at another record high.
On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.
The Federal Reserve's decision to embark on its first interest rate cut since 2020 has sent ripples through the financial markets. In a bold move, the central bank slashed rates by 50 basis points, bringing the Fed funds rate to a range of 4.75% to 5%. This aggressive cut marks the beginning of what the Fed calls "interest rate normalization," with the ultimate goal of achieving a benchmark rate between 3% and 3.5% by 2025.
In mining news, Reuters reported that Australia’s Titan Minerals on Wednesday announced plans to sell up to 80% stake in its Linderos copper project in Ecuador to a unit of billionaire Gina Rinehart’s Hancock Prospecting for up to $120 million.
Gina Rinehart has been ranked as one of Australia's richest individuals. She is executive chair of Hancock Prospecting.
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Kitco Roundtable is brought to you by Revival Gold. Revival Gold is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho.
Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.
