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Maroc Maroc - WN.COM - Americas - Hier 16:33

Commodities wrap: Oil slips on demand concerns; bullion and copper continue ascent

Gold prices rose on Friday, and headed for its fifth straight weekly gain on the back of the US Federal Reserve cutting interest rates earlier this week. Meanwhile, oil prices fell into bear territory as concerns about demand outweighed optimism from the interest rate cut in the US. Elsewhere, copper prices rose on Friday on expectations of a more dovish US central bank in the long-term. Gold continues to fly Gold prices have surged by nearly $400 since early August, hitting a new peak of just over $3,700 per ounce midweek. However, prices fell slightly after the Fed meeting. “On the other hand, a breather was probably urgently needed,” Barbara Lambrecht, commodity...

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