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...
Global supply continues to surge as production from the OPEC+ bloc has resumed production cuts, while non-OPEC producers such as the US, Brazil, and Canada are actively adding capacity. For example, reports suggest that global supply growth could reach 2.7 million barrels per day in 2025, far exceeding demand, which is expected to grow by only around 0.7 million barrels per day. Under these conditions, the forward curve for Brent even indicated contango, indicating that the market is anticipating future oversupply. On the demand side, growth is starting to slow, particularly in major...
Gold remains supported by growing market expectations for monetary policy easing by the Federal Reserve, as investors doubt whether the data released after the government shutdown will support the economy. With US interest rates potentially falling, the opportunity cost of holding non-yielding gold becomes lower. Furthermore, demand from central banks and investors as a hedge against geopolitical risks is also driving gold's advantage. However, the downside is also real: a stable or strengthening US dollar and rising bond yields will diminish gold's appeal. If US economic data improves and...
Gold remains strong, driven by expectations of an interest rate cut by the Federal Reserve and uncertainty in the US economy. Although the US government has reopened, investors continue to seek refuge in gold due to the lack of economic data and global concerns. However, if pending US economic data turns out to be positive or the Fed indicates that interest rates will remain high, gold prices could be under pressure. Technically, gold could consolidate before continuing to rise, so it's important to be alert to any policy changes or emerging economic data. At the time of this analysis's...
Silver is expected to consolidate its strong gains of the past few days, trading around the highs recorded some time ago and appears poised to continue strengthening. The solid rebound from technical support levels and positive movement in daily indicators suggest a positive outlook for silver. If the price manages to break through a new high, silver will likely test higher levels and pave the way for further positive momentum. However, if silver corrects and moves down from its current level, it is likely to fall to an intermediate support level. If this support fails to hold, the price...
Silver prices have strengthened again following growing confidence that the US Federal Reserve will cut interest rates. When interest rates fall, precious metals like silver become more attractive because their value tends to stabilize amid economic uncertainty. Furthermore, many investors are starting to view silver as a hedge against inflation and a weakening US dollar. This increase is also driven by increasing demand from the technology and green energy industries. Silver is widely used in solar panels and electric vehicles, thus strengthening its prospects for a clean energy...