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...
Brent oil prices weakened on Thursday (September 11th), falling towards the $66 per barrel range after a three-day rally ended. Selling pressure emerged as investors weighed the outlook for global energy demand amid economic uncertainty, including the upcoming release of US inflation data and the European Central Bank's monetary policy. Concerns about slowing consumption from China, one of the largest importers, also added to negative market sentiment. In addition to demand factors, the market is also closely monitoring geopolitical developments and OPEC+ production policies. Although...
Gold consolidated near a record, falling slightly to the $3.62k–$3.64k/oz range after an earlier surge triggered by weaker-than-expected US PPI. The market now awaits the US CPI (tonight WIB) to determine the size of the Fed's interest rate cut next week—a 25 bps baseline is considered most likely. Lower interest rates typically support gold because they lower the opportunity cost of holding non-yielding assets. Fundamentally, the bullish narrative remains supported by central bank buying, geopolitical uncertainty, and ETF inflows. However, signs of overbought are emerging, so a "hotter"...
World oil prices recorded a slight decline in trading on Wednesday (September 10th) despite escalating geopolitical tensions in the Middle East. Prices briefly surged nearly 2% following Israel's attack on Qatar, but the gains were short-lived. Geopolitical factors again contributed to oil price movements, particularly following news of the attack on Qatari territory. However, the market believes the impact of the conflict is still limited and therefore not strong enough to drive a larger rally. Instead, market participants are now more focused on fundamental conditions that tend to depress...
Prices are hovering around 41,165, supported by expectations of a Fed rate cut, which is pressuring USD/yield, a positive correlation with gold, and solid industrial demand (solar power and electronics).Key catalysts: US CPI release tonight WIB. A lower result tends to be bullish for silver, while a higher result risks depressing prices. Also monitor Chinese data, ETF flows, and supply from major producers (Mexico/Peru) as further determinants of the 41-day moving average.The silver price at the time of writing was $41,165/Toz. DISCLAIMERNote: This article is for analytical purposes...
Gold prices are currently rising on Wednesday (September 10th), driven by growing expectations that the Federal Reserve will cut interest rates at its meeting next week. Weaker-than-expected US economic data, including revised Nonfarm Payrolls and a weakening labor market, further strengthen the argument that the central bank needs to loosen policy to maintain growth. Declining US bond yields are also making gold increasingly attractive as a hedge. In addition to monetary factors, geopolitical tensions in the Middle East and increasing global uncertainty are also supporting the rise in...