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 Prices Move Down In Europe Silver prices fell to $30 an ounce on Wednesday (11/20) as the escalating Russia-Ukraine conflict eased. On Tuesday, silver briefly rose above $31.50 after Russia lowered its threshold for a potential nuclear attack. However, market concerns eased after Russian Foreign Minister Sergei Lavrov said the country would "do everything possible" to avoid nuclear war, and the US indicated it saw no reason to adjust its nuclear policy. Note: This article is only an analysis and is not a definitive reference. Always pay attention to the fundamental and technical...
The gold market (XAU) is highly sensitive to geopolitical developments. Changes in Russia's nuclear policy have raised concerns about nuclear escalation. In addition, Ukraine's use of US-supplied ballistic missiles has increased demand for gold as a safe haven asset, pushing the price to $2,640, a clear reflection of investor risk aversion. The current gold price is at $2638/ toz. Source: newsmaker.id
Silver (XAG/USD) prices are still maintaining their positive trend, trading around $31.20 per troy ounce during the Asian session on Wednesday (11/20). Silver prices are likely to come under pressure after China's Monetary Policy Committee decided to maintain its benchmark interest rate for November. Meanwhile, higher interest rates in China, a major global manufacturing hub for electronics, solar panels, and automotive components, are likely to dampen industrial demand for Silver. Source: newsmaker.id
Gold rise 0.7% to $2,630 a troy ounce, as a sharp decline in prices last week prompted renewed interest. The precious metal had tumbled around 4.5% a week prior. Since the arguments in favor of gold haven't changed, the lower price level is likely pulling in renewed buying interest, Commerzbank analysts say in a note. U.S. inflation is likely to rise noticeably due to the expected tariff policy of President-elect Trump, without the Fed reacting by tightening monetary policy, says Commerzbank's Carsten Fritsch. Source: newsmaker.id
Gold prices are in the $2625 area after touching the $2639 area today.The precious metal is stable amid concerns about rising geopolitical tensions as Russian President Vladimir Putin approved a revision of the country's nuclear policy. The move has raised fears of a nuclear war, prompting investors to turn to safe haven assets such as Gold. Source: newsmaker.id