• 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: Metals Down, but Brent Crude Bolstered by Ukraine

    Investing News Network
    May. 16, 2014 11:45AM PST
    Resource Investing News

    Gold, silver and copper were fairly flat this week, but Brent crude saw some gains on the back of continued Ukraine tension.

    The US economy is in a bright spot, and as a result gold hasn’t been able to make it above $1,300 per ounce today. Specifically, Reuters pegs spot prices at $1,295.06 per ounce and US gold futures for June delivery at $1,295.59. 

    “Gold is still stuck in a narrow range because the downside is limited by geopolitical concerns and the upside is capped by generally good U.S. data, which suggest the Fed will carry on with the current pace of stimulus tapering,” VTB Capital analyst Andrey Kryuchenkov told the news outlet.

    Meanwhile, Reuters said that spot silver is down $0.09, or 0.5 percent, at $19.37 an ounce, while according to CME Group, silver futures for June delivery are down $0.17, at $19.29 per ounce. The white metal fared better earlier this week due to Ukraine tension.

    On the London Metal Exchange, benchmark copper prices are flat at $6,878.25 a tonne, as per another Reuters article. Meanwhile, copper futures for July delivery on the COMEX are also down slightly at $3.14 per pound, The Wall Street Journal notes. Copper prices have been supported lately by low copper supply and the overall falling of stocks as factories buy their copper.

    Finally, Brent crude oil prices increased this week due to the situation in Ukraine, rising today to $0.32 to $109.41 a barrel, as per Bloomberg. It is likely that uncertainty in Ukraine will continue through the elections about whether the country will divide, with parts seceding to Russia.

    russiaspot silvervtb capitalbrent crude oilsilver futures
    The Conversation (0)

    Go Deeper

    AI Powered
    Gold Investing

    What Trump’s Stunning Upset Means for Markets

    Osama bin Laden’s Death: Impact on Commodities Markets?

    Latest News

    June 2025 Quarterly Activities and Cash Flow Report

    Quarterly Cashflow Report - June 2025

    Quarterly Activities Report - June 2025

    Quarterly Activities Report and Appendix 5B

    Quarterly Activities/Appendix 5B Cash Flow Report

    More News

    Outlook Reports

    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
    ×