• 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 Prices Steady After Hitting High of $1,406.01 an Ounce

    Investing News Network
    Aug. 26, 2013 10:21AM PST
    Precious Metals

    Gold prices pushed above $1,400 an ounce earlier in the session Aug. 26 before steadying at $1,396 an ounce.

    Gold prices pushed above $1,400 an ounce earlier in the session Aug. 26 before steadying at $1,396 an ounce. The slight fall of the precious metal was due to investors’ wariness about what the Federal Reserve’s next move would be once new durable-goods data was released, MarketWatch reported.

     

    Gold prices hit a high of $1,406.01 an ounce — a level not seen since June 7, according to Reuters.

     

    “The market is very nervous and unsure, therefore we need a direction,” said Afshin Nabavi, head of trading at MKS in Switzerland. “[The] Fed and U.S. dollar seem to be it for the time being. 1,400 is a big resistance, although overnight we tested 1,407, due to stops.”

     

    U.S. gold futures for December delivery rose $2 today as well to hit $1,397.80 an ounce.

    gold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Stack of gold bars with graph line in the background.

    Gold Price Hits Another New All-time High, US$3,600 in Reach

    Gold Breaks $1,600/oz Barrier, Expected to go Higher

    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
    ×