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welcome back to our weekly update I'm Charlotte mlau with investing news.com and we're going to run through a few of this week's biggest stories in the whining industry if you enjoy this video don't forget to hit the like button subscribe to our Channel or leave us a comment below let's get into it the gold price was on the rise this week breaking 2700 per ounce on December 11th for the first time in about 2 and 1/2 weeks before pulling back again the yellow metal was reacting to the latest

us consumer price index data which shows a 2.7% year-on-year increase for the month of November that's up slightly from the 2.6% annual gain seen in October but in line with expectations CPI was up 0.3% month- on- Monon again higher than October's 0.2% ri se core CPI which excludes the more volatile food and energy categories was up 3.3% year- on-year and 0.3% from the previous month the US Federal Reserve meets next week from December 17th to 18th and was already widely anticipated to cut rates

by 25 basis points bringing the 2024 total to 100 basis points this week's CPI data has further cemented that perspective I'll be closely watching the FED next week and heading into 2025 and I'd love to know which experts you'd like to hear from about that and other topics leave a comment below to let me know your thoughts and I'll do my best to get them on incoming president Donald Trump caught the attention of resource sector investors this week with his promise of fully expedited approvals and permits

for people or companies that invest at least a billion dollars in the US Trump announced the news on his social media platform truth social but so far has provided little in the way of specifics even so mining industry participants have taken the news as a positive sign that builds on his nominations of Chris Wright and Doug berham who respectively will run the Departments of energy and the interior I heard recently from Chris Temple of the national investor who emphasized the importance of Burham

appointment here's how he explained it but here's the The Punch Line Charlotte and most of the press still does not understand a significance of this because little of it has been reported not only is berham going to run the Interior Department he is going to be in super Zar if you will who will oversee energy and the EPA and the Interior Department and the agencies all of whom have got anything to do whatever with permitting with environmental issues with all of these different things not

just for energy but for Metals for Mining and all of that last but most important is that beram will be on the president's National Security Council uh wasn't a mistake the other day or or just some some uh Steward or or or waitress's seating arrangement when you saw your prime minister down here at Maro sitting next to Trump and who is at the table the three most important cabinet positions to deal with trade and SEC mineral security and energy and so forth Doug Bergen being one of them m&a activity was in the air

in the gold space once again this week as AO Eagle mines announced plans to acquire 03 mining in a friendly takeover deal the all cash offer of $167 per share represents a 58% premium to 03s closing share price on December 11th and values the company at 204 million ago said in a press release that it expects 0's marbin Alliance project to complement its Canadian malaric complex a major gold operation located in Quebec Canada the deal was structured as a tender offer due to an ongoing Canada

Post strike meaning it doesn't require a shareholder vote at 03 shares of 03 climbed substantially after the news and we're up over 60% for the week by the end of December 12th thank you for watching if you like this video make sure you hit the like button and subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below [Music]