Economics
WTI Crude failed to hit $100 during week of Oct 12-18
Gold did not dip below $4,050 and Silver stayed above $55 in the same week.
During the week of October 12-18, WTI Crude failed to reach $100, Gold remained above $4,050, and Silver stayed above $55. The outcomes reflected price action across the seven-day period.
WTI Crude prices traded below the $100 mark for the entire week. No session saw the benchmark rise to that level.
Gold prices remained above $4,050 throughout the seven days. The metal never breached that low threshold. Consequently, the price stayed higher than $4,050 for the week.
Silver prices stayed above $55 during the same interval. The metal did not descend to the $55 level at any point. The price therefore finished the week above $55.
Analysis
The failure of WTI Crude to breach $100 suggests that Oil price pressures were insufficient to push the benchmark to that level during the week.
Gold staying above $4,050 indicates that the metal retained a floor that supported its price throughout the period. Investors may have continued to view Gold as a hedge, sustaining demand and preventing a drop to lower levels, which could influence portfolio allocations and central bank considerations of reserve holdings.
What this was built from
Each claim above traces to a market below, at the price it was trading when this edition went to press.