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 rose on Friday (November 7th) due to a combination of two main factors: strong industrial demand, particularly from the technology and renewable energy sectors, and a worsening supply deficit, which has made the white metal increasingly scarce. Furthermore, expectations of monetary policy easing by the Federal Reserve and a weakening US dollar have also strengthened silver's appeal as an alternative asset, encouraging investors to invest in the white metal. (alg) Source: Newsmaker.id
Gold prices are currently rising due to increased demand as a hedge against geopolitical turmoil and uncertain monetary policy. For example, central bank gold purchases have grown significantly, and the risk of growing US government debt has also driven investors to gold. Source: Newsmaker.id
Brent prices surged again on Friday (November 7th), fueled by escalating geopolitical tensions in the Middle East, which have raised concerns about global supply disruptions. However, demand remains weak and global economic growth is slowing. (alg) Source: Newsmaker.id
Gold prices approached $4,000/oz on Friday (November 7th) after weak US jobs data reinforced expectations of an imminent Fed rate cut. Challenger job cuts nearly tripled in October—the largest increase in more than two decades—dampening optimism from the ADP payroll rebound. With official data limited due to the government shutdown, the market is placing greater weight on the private release and now rates the chance of a December cut at around 69%, up from 60% the day before. A weaker US dollar also provided a boost by making gold cheaper for foreign buyers, while economic uncertainty...
Brent Crude Oil prices rose on Thursday (November 6th) due to growing concerns about global supply, including potential disruptions to oil flows from the Middle East, while market sentiment grew more optimistic about economic recovery, which could boost energy demand. (alg) Source: Newsmaker.id