• 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
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    Gold Price Rises on US Industrial Output Figures

    Investing News Network
    Apr. 15, 2015 09:36AM PST
    Precious Metals

    A 0.6-percent decline in US industrial output diminished the dollar’s worth against world currencies and sent the gold price up 0.2 percent, to $1,195.51 an ounce.

    A 0.6-percent decline in US industrial output diminished the dollar’s worth against world currencies and sent the gold price up 0.2 percent, to $1,195.51 an ounce, according to Reuters. Conversely, gold for June delivery fell $3, to $1,195.60 an ounce.

    Daniel Briesemann, an analyst at Commerzbank AG (ETR:CBK), noted, “as long as we have weak economic figures out of the U.S., it is less likely that the Fed will start raising interest rates sooner rather than later.” Low interest rates increase the appeal of safe-haven commodities that do not pay interest.

    gold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Resource Investing

    Weekly Round-Up: Strong US Dollar Weighs on Gold Price

    Gold Rises as Dollar Takes No Heart from Jobs Data

    Latest News

    Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

    Admission to Trading on the OTCQB Market

    Copper Quest Announces Multi-National Investor Awareness Campaign

    Armory Mining Amends AMMO Antimony-Gold Project Option Agreement

    Rio Silver arranges $1.3M private placement

    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 Precious Metals Stocks

    Fortune Bay

    FOR:CA

    Aurum Resources

    AUE:AU

    Triumph Gold

    TIG:CA

    Horizon Minerals

    HRZ:AU

    Alice Queen

    AQX:AU

    Pinnacle Silver and Gold

    PINN:CC
    More featured stocks

    Browse Companies

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