welcome back to a weekly update I'm Charlotte o'clock with the investing News Network and I'm here to give you a quick look at our top stories for the week [Music] the gold race continued to spend time above the 2000 per ounce mark this week while silver made it past 25 per ounce again the precious metals appear to be getting more comfortable at these elevated levels as economic uncertainty continues in Focus this week was the latest U.S inflation data it shows the Consumer Price Index for a 0.1 percent month on


month in March and five percent year on year meanwhile core CPI which excludes spoon and energy and is closely watched by the U.S federal reserve increased 0.4 percent from February to March and 5.6 percent from last year surface sector price increases are reportedly keeping core CPI elevated the FED has been raising rates for over a year now in a bid to tame inflation and this week's CPI numbers have sparked questions about what the central bank's next move may be although inflation looks cooler many Market participants


still anticipate another hike when the FED meets in May the minutes for the fed's March meeting which also came out this week support expectations for another hike as well what does all this mean for gold I had a great conversation with well-known resource sector Speculator Doug Casey and he said he sees the yellow metal potentially reaching 3 000 in the next year or so here's how he explained it right now relative to everything else in the world price of cars houses meals clothing gold is reasonably priced I'd say but


my guess is that as the world descends into chaos and I think that's true we are going to see chaos later this year and throughout this decade there's going to be a panic into gold because it's the only financial asset that's not simultaneously somebody else's liability so it's again going to become a good speculation as well as a good savings vehicle Doug is bullish on gold but he was also very open about where else he's putting his money I'll link to the full interview in the video description so


you can check it out as we wrap up I want to take a brief look at Diversified minor blend core's hostile takeover bid for Tech resources Muse first hit on April 3 that clemencore had made an unsolicited proposal to acquire Tech and create two Standalone businesses one focused on base Metals as well as the critical minerals needed for the energy transition and the other centered on coal and carbon steel materials text board was quick to reject the move from glencore saying that it's not looking to sell the company at this time


instead Tech is committed to moving forward with its own plan to split into a Metals company and a skill making cold business the plot thickened on April 11th when glencore sent Tech a revised proposal the original deal amounted to 22.5 billion and the new plan would add up to 8.2 billion in cash according to glencore this element was introduced to effectively buy Tech shareholders out of their coal exposure as it stands Tech is said it will evaluate the revised proposal but the company also said it appears largely


unchanged 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 age reviews you can also follow us on social media or inform them to all report or any article mentioned in this video we'll see you next time foreign [Music]