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...
Gold prices held around $3,650 per ounce on Thursday after falling in the previous session. The US dollar strengthened as the Fed cut interest rates by 25 bps as expected, but Chairman Jerome Powell emphasized that further easing would be cautious and evaluated "meeting by meeting" given the weakening labor market conditions. Gold has gained about 39% this year due to expectations of interest rate cuts, geopolitical tensions, and large purchases by central banks. In India, the supply of used jewelry and coins remains limited as many investors choose to hold bullion, hoping for continued...
Gold prices (XAU/USD) have calmed after rallying to a record near $3,703 on Tuesday. On Wednesday evening, gold briefly fell to an intraday low of around $3,660 before stabilizing around $3,682. Profit-taking and a relatively stable US dollar held back the rally, while persistently low US Treasury yields remained a key factor.Market focus is on the Fed's decision at 18:00 GMT (01:00 WIB), with expectations for a 25-bps rate cut to 4.00% or 4.25%. The next direction will be determined by the dot plot and Jerome Powell's tone (18:30 GMT): a dovish signal could push gold back to test the area...
Silver prices have fallen again as investors take profits ahead of the Federal Reserve's policy decision. The Fed is widely expected to cut interest rates by 25 bps today.At the time of this analysis, the price of silver was at $41,734 Source: Newsmaker.id
Gold prices fell to around $3,680 per ounce on Wednesday (September 17th), likely due to profit-taking after the metal hit a new record in the previous session and tested the $3,700 level. However, the broader bullish bias remains intact as the market awaits the Federal Reserve's policy decision, with the central bank widely expected to cut interest rates by 25 bps—the first cut this year. Weaker payrolls data highlighted the weakening labor market, reinforcing expectations for multiple rate cuts, with the market now pricing in three cuts this year. The gold price at the time of writing...
Gold (XAU/USD) is currently trading around $3,697 during the European session, remaining near a record high as expectations of a dovish Fed cut weigh on the US dollar and maintain interest in safe-haven assets. Market participants tend to hold large positions ahead of the FOMC—the dot plot and Powell's tone will be key determinants of the next direction, particularly for clarity on the tapering path through the end of the year. Technically, the psychological $3,700 area is the first hurdle; a break and hold above it (intrahour/daily close) opens the way to $3,715–$3,730 and then $3,750....