Editor's Picks: Gold Above US$2,500 as Powell Signals Rate Cuts, Kazatomprom Lowers Guidance

The gold price spent most of last week above US$2,500 per ounce, supported by ever-strengthening expectations that the US will start cutting interest rates in September.

Meanwhile, uranium miner Kazatomprom reduced its production guidance for 2025, while Lucara Diamond announced the recovery of an "epic" 2,492 carat diamond in Botswana.

❓Will the Fed cut rates in September, and if so, by how much? Tell us in the comments!

This video was filmed on August 23, 2024.

#Investing #Gold #Uranium

0:00 - Intro
0:18 - GOLD
2:01 - BULLET BRIEFING
3:41 - Outro

Links:
Powell speaks at Jackson Hole: https://bit.ly/4fWooOh
Lucara Diamond discovery: https://bit.ly/46ZEq5Y

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