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

[https://invezz.com/wp-content/uploads/2025/09/Gold-bars-and-crude-oil-barrels.png] 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 analyst at Commerzbank AG, said in a report. > We assume that the momentum has run out for now, even though China’s gold imports from Hong Kong next week could show that Asian gold buyers are gradually “getting used” to the higher price level. However, as Commerzbank expects more interest rate cuts by the Fed next year than the market does, Lambrecht anticipates even higher prices on…