Gold prices started the week off strong, edging to $1,215.40 per ounce on Wednesday (Jan. 18), but dropped to $1,196 per ounce on Thursday prior to the inauguration of Donald Trump.
Thursday’s dip was the gold price’s  largest one-day loss of the year so far. That said, MarketWatch reported that gold âwas clobberedâ as the dollar rose on a combination of interest rates from the European Central bank and comments made by Federal Reserve chief Janet Yellen.
In Yellen’s speech, the Economic Calendar noted that she is still in favor of increasing interest rates, warning that there are dangers in delaying the increase for too long.
As such, the gold price was $1,206.28 as of 12:43 p.m. EST on Friday following Trump’s inaugurationâan overall 0.46 percent increase over the five-day period.
Looking over to gold’s sister metal, silver, the white metal had a bit of a rollercoaster week. The silver price edged as high as $17.27 per ounce on Wednesday, but tapered off in the latter half of the week.
On Friday, the Economic Calendar wrote that although the white metal had dropped off late in the week, it was still on pace for its fourth consecutive weekly gain. As of 12:48 p.m. EST, the silver price was $16.96 per ounceâa 0.71 percent increase over the five-day period.
alt=”silver free industry report”>
“Silver Demand Forecast And Silver Stocks To Buy”
Click here to discover what the experts see coming in 2016 and beyond with our INN Insider’s Report (value of $49) for FREE. Limited time offer. No credit card required.
Click here to download for free
On the base metals side, the copper price was on the decline over the five-day period, dropping to $2.59 per pound late Thursday.
That said, on Wednesday, the Economic Calendar noted the copper price is reacting to âwhat had become a severe overbought condition.â As such, by Friday, the red metal briefly reached $2.61 before settling at $2.59 per pound as of 1:00 p.m. EST.
Finally, oil prices also had a rocky week, but was overall on the rise for the five-day period. On Friday, MarketWatch reported that its incline was in part due to signs of the market tightening following an agreement that producers would cut output.
Oil prices rose three percent on Friday, according to Reuters. As of 1:20 p.m. EST, its price was $52.86 per barrel.
 Don’t forget to follow us @INN_Resource for real-time news updates.
Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article. </