Oil prices rose slightly in trading on Tuesday (January 20) after better-than-expected Chinese economic data boosted demand optimism. Brent crude rose 19 cents (0.3%) to $64.13/barrel, while February WTI which expires today rose 25 cents (0.4%) to $59.69/barrel. The more active March WTI contract also edged higher to around $59.42/barrel. This strengthening was driven by news from China, the world's largest oil importer. The Chinese economy reportedly grew 5.0% through 2025, meeting the government's target. Refinery activity also increased, with refinery throughput rising 4.1% and crude oil...
Silver is currently hovering around $77,430, likely awaiting triggers from the US dollar and yields. If the dollar strengthens, silver is usually resilient; if the dollar weakens, silver rises more easily.Fundamentals are still supported by safe havens (global uncertainty) plus industrial demand (electronics/solar). However, it remains sensitive to US economic data: if the data is strong, the dollar rises, while silver is vulnerable to corrections; if the data weakens, silver is more supportive.(asd)The silver price at the time of this analysis was $77,473.Disclaimer:This article is...
Gold prices weakened in recent trading, pressured by a strengthening US dollar and rising US government bond yields, as investors digested the latest economic data from the United States. Market sentiment also tended to be cautious ahead of the release of several important economic data, prompting market participants to reduce positions in safe-haven assets. Nevertheless, gold's weakness is considered limited as global uncertainty and geopolitical risks remain supporting factors. Investors are now awaiting further signals regarding the direction of the Fed's interest rate policy, with...
Silver (XAG/USD) today consolidated around $78.05/oz (real-time), following high volatility in recent sessions. This area indicates the market is "holding its breath" as market participants await a major trigger—hence, its movement tends to fluctuate slightly while seeking a new direction.From a fundamental perspective, the two factors driving silver most today are the rebalancing of commodity indices, which could trigger futures selling (more of a short-term "paper market" pressure), and the direction of the dollar and US interest rates ahead of Friday's NFP release. Recent US data has been...
Gold prices fell in recent trading as investors opted to take profits after the previous rally, while awaiting confirmation from US economic data. The market's focus is now on the release of employment data, which is expected to determine the direction of the Fed's interest rate policy. Therefore, interest in buying gold tends to be restrained, despite still-high geopolitical tensions. Source: Newsmaker.id