• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Resource Market
    Resource News
    Resource Stocks
    • Resource Market
    • Resource News
    • Resource Stocks

    Weekly Round-Up: Gold Down Slightly After Four-month High

    Charlotte McLeod
    Sep. 25, 2015 11:40AM PST
    Resource Investing News
    Resource Investing

    As of Friday at 1:35 p.m. EST, the gold price was sitting at $1,146.19 per ounce. That’s down from Thursday’s high point, but still up from last week’s peak.

    Gold enjoyed some positive price action this week, with COMEX futures for December delivery hitting a four-week high of $1,156.40 per ounce on Thursday. 
    The consensus amongst market watchers appears to be that the yellow metal’s price was pushed up by a number of factors, including short covering in the futures market, bargain hunting in the cash market and increased safe-haven demand.
    As of Friday at 1:35 p.m. EST, the gold price was sitting at $1,146.19. That’s down from Thursday’s high point, but still up from last week‘s peak.


    The silver price moved much the same as gold this week, jumping on Thursday to reach $15.19 per ounce. That’s its highest price this week, but just under $15.22, which it rose to last week just after the US Federal Reserve decided not to raise interest rates. As of 1:35 p.m. EST on Friday, silver was trading hands at $15.11.
    On the base metals side, copper had a fairly rough week. Copper futures saw their biggest one-day percentage decline in eight months on Tuesday, as per The Wall Street Journal, sinking 3.8 percent to reach $2.2975 per pound. The metal was hurt by concerns about Chinese demand ahead of the release of manufacturing data from the Asian nation.
    Finally, oil prices were up Friday after the latest weekly reading on the US oil rig count showed a decline of four rigs. Brent futures ticked up $0.51 to reach $48.68 per barrel, according to CNBC, while US WTI futures rose $0.78 to hit $45.69 per barrel.

     
    Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. 
    Related reading: 
    Weekly Round-Up: Gold, Silver Still Trading Up After Fed Meeting
    Weekly Round-Up: Gold Price Headed for Third Weekly Loss in a Row
    Weekly Round-Up: US Jobs Data May Push Fed to Rate Hike
    Weekly Round-Up: Eyes on the Fed Following Black Monday
    Weekly Round-Up: Gold Price Hits Six-week High on Safe-haven Buying
    The Conversation (0)

    Go Deeper

    AI Powered
    Gold bars and silver coins scattered on a surface.

    Gold Price Breaches US$4,000, Silver Tests US$50

    Copper Investing

    Weekly Round-Up: Gold Price Drops on Chinese Holiday

    Latest News

    C29 Metals to drill Sampsons Tank Copper Project

    Survey results for Myoff Creek Niobium/Rare Earths Project

    Extensional RC drilling commenced at Lord Byron

    Feather Cap data review and update

    100% Native Title Consent for Marree Project Achieved

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Resource Investing News Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES