welcome back to our weekly update I'm Charlotte McLeod with the investing News Network and I'm here to give you a quick look at our top stories for the week [Music] it's been another big week for Gold and this time silver is along for the ride as well gold was sitting comfortably over 2 000 per ounce at the time this video was recorded on April 5th and silver managed to break the important 25 per ounce level on April 4th the latest jolts data out of the US was in Focus as gold and silver gained and


the US dollar fell job openings came in at 9.93 million in February which was lower than expected and the first time vacancies fell below 10 million since May 2021. the news is being interpreted as a sign the U.S federal reserve's rate hikes are having an impact the FED hiked rates for the ninth time in a row at its last meeting and investors are now watching closely for Clues on what it may do in its next gathering in May old and silver tend to fare well in lower rate environments and many


commentators I've spoken with have described how a change from the FED could boost prices another Factor impacting gold this week is the surprise oil output cut from OPEC Plus meanwhile with turmoil in a banking sector also remains top of Mind especially given this week's warning from Jamie Diamond of JP Morgan he said in his annual letter to shareholders that the current crisis is not over yet the next piece of data coming up is the U.S non-farm payroll report on April 7th and we'll be watching closely to see


what it may mean for the market we've been focusing heavily on gold over the last month or so but as we wrap up today I want to spend some time talking about uranium the general consensus among the experts I've been speaking to is that there are a huge number of positive catalysts building well that's good news it's left investors wondering why prices for the commodity aren't higher and why stocks haven't been performing better at the future facing Commodities event in Singapore this week Grant Isaac of


major producer kamiko reminded industry participants that once uranium starts to move it tends to move quickly right now he sees some people waiting to invest until they see Contracting for the Greenfield space driving prices but in his View getting that timing exactly right will be very difficult if not impossible Grant noted that there's usually a security of Supply event that finally pushes these people across the line there's no telling what it could be this time but he mentioned sanctions on


Russian material or voluntary export restraint from Russia as events that could cause a price spike similar to the one seen in 2006 and 2007. that's all for this week if you like this video make sure you subscribe to our Channel and turn on notifications so you don't miss future updates and interviews you can also follow us on social media or click below for our report or any article mentioned in this video we'll see you next time [Music]