welcome back to our weekly update I'm Charlotte McLeod with the investing News Network and here to give you a quick look at our top stories for the week [Music] the gold price sang to levels not seen since mid-march this week falling below the 1935 per ounce Mark halfway through the period U.S federal reserve chair Jerome Powell was in the spotlight as he testified to the house Financial Services Committee in a semi-annual appearance during a speech he said that while inflation has seen some moderation since


the middle of last year it's still a long way from the central bank's two percent Target he noted that most fed officials believe it will be appropriate to hike interest rates somewhat further by the Year's End the comments from Powell came after last week's fed meeting where the Central Bank left rates flat at 5 to 5.25 percent the FED also updated its Dot Plot at that time and the new data suggests that it's likely to raise rates by a further 50 basis points in 2023 in this week's address policy and tumor


rate increases presumably of 25 basis Points each is a pretty good guess if the economy acts as expected however he emphasized as usual that the FED will make decisions on a meeting by meeting basis defense next meeting is scheduled to run from July 25th to 26th I also want to take some time this week to talk about the uranium Market where the spot price continues to creep toward the 60 per pound level I heard this week from Ben Feingold of oceanwall and he shared his updated thoughts on the market overall his firm


remains highly bullish on uranium although he reminded investors that headlines sometimes oversell how quickly the sector will move when asked what category of uranium equities he finds the most exciting Ben said all of them and pointed to the benefits of having a diversified portfolio he also addressed the question of how far uranium stocks could run during this cycle here's what he said our belief is that when you look back at let's say kamako when you look back at the chemical 30 move yesterday


in the context-style the entire bull market so let's fast forward five years and let's say that this thesis has come to fruition in the way that we expect our belief is that when you look at these 30 percent moving chemical and the same way in the exact same way that stocks were down 30 you know points this year or last year you look back at that we think it will be insignificant we think that the move in uranium starts in uranium price is going to be is going to be um it's so highly convect that that


um that these moves are not going to and not go to pay I see the pitifacts necessarily in your portfolios I'll leave the link to the full interview with Ben below I also encourage you to stay tuned for next week when we'll be posting a discussion with Justin Hume of urine Insider 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] [Music] foreign