Commodities sold off this week on the personal consumption expenditures report released on Friday, noted mining audiences manager Michael McCrae. 

On Saturday McCrae recorded Kitco Roundtable sponsored by Snowline Gold. 

The report was mixed. Inflation tracked sideways and consumer spending weakened. Analysts say there is little clarity that U.S. central banks will be able to cut rates in the fall.

On Wednesday it was announced that  BHP (ASX: BHP) ended its attempt to buy Anglo American (LON: AAL). The deal topped at $49 billion.