welcome back to our weekly update I'm Charlotte McLoud with investing news.com and I'm here to give you a quick look at our top stories for the week it was a week of ups and downs for the gold price which traded in a range of around 2325 to 2361 per ounce During the period investors were looking toward the release of the latest personal consumption expenditures price index data which came out on May 31st it shows that pce was up 0.3% month on month in April and 2.7% from the previous year


core pce which excludes the more volatile food and energy categories was up 0.2% from March and 2.8% compared to last April pce is the US Federal reserve's preferred measure of inflation and is tracked closely by market Watchers trying to gauge the central bank's next steps April's results were largely in line with expectations but as some analysts have pointed out the numbers have gotten quite sticky meaning that interest rate Cuts May may not be in the cards just yet currently CME


group's fed watch tool shows that cut expectations are very low in June and July with about a 50/50 chance of a reduction in September the fed's next meeting is scheduled to run from June 11th to 12th the silver price has stayed strong since breaking through the important 30 per ounce level but reports indicate it's heating up even further in China Bloomberg said Imports of of the white metal could surge in the coming weeks as Traders take advantage of strong solar demand and a widespread between


International and Chinese prices the premium on the Shanghai spot price Rose above 15% last week I recently spoke about silver with David Morgan of the Morgan report and he commented on a different angle for Chinese demand in his view if retail traders in China wake up to the opportunity in silver it could be significant here's what he said if the Chinese retail Market has C on the silver market watch out I mean you got 1.4 billion people now not all those people are going to be silver but real


but the point is there's a lot of Chinese and they like to they love markets so that's that's really the driver solar and Chinese David shared many more interesting points on Silver Supply demand and prices and I definitely recommend checking out the full interview though will they won't they Saga between Commodities Majors BHP and anglo-american has come to an end with BHP choosing to back out of its takeover plan BHP and Anglo first confirmed they were in talks at the end of April and


Anglo rejected the company's initial proposal on April 26 BHP went on to make two other offers both of which were also rejected by Anglo the miners agreed to a 1we extension for bhp's deadline to make a binding bid but by the time it rolled around on May 29th BHP P CEO Mike Henry said the company wouldn't be making a firm offer for Anglo investors with stakes in the two companies don't appear overly concerned that the deal didn't go through one expert suggested to reers that BHP can


now pursue targets like anagasta or lending mining while another said the company May focus on its own growth opportunities if BHP wants to make another bid for Ango it will have to wait 6 months I'll leave the links to these stories in the video description if you'd like to learn more that's all for this week if you like this video make sure you subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below we'll see you next time [Music]