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 rose in trading on Tuesday (September 9). This increase was supported by market expectations that global energy demand remains solid amid signs of slowing production from several major producing countries. Investors are also monitoring supply developments from OPEC+ and US economic data due this week, including inflation and employment data, which could influence the direction of the Fed's policy and market risk appetite. This movement added to positive sentiment for energy commodities after prices were depressed last week by concerns about a weakening global...
Gold prices hit a new record on Tuesday (September 9), driven by a weakening dollar and falling bond yields amid growing speculation of a Fed interest rate cut this month. Spot gold rose 0.4% to $3,651.38 per ounce, while December futures rose to $3,690.90. The market now rates an 89.4% chance of a 25 bps interest rate cut next week, and a 10.6% chance of a 50 bps rate cut, according to CME FedWatch. Weak US labor data and a surge in the unemployment rate are the main drivers of these expectations. DISCLAIMER Note: This article is for analytical purposes only and is not a definitive...
Gold prices are currently rising, driven by increased demand for safe-haven assets amid global uncertainty. Pressure from political turmoil and the prospect of a Fed interest rate cut this month has prompted investors to shift their portfolios to precious metals. Market sentiment is also supported by the weakening US dollar, which provides more room for gold to strengthen. Analysts believe that as long as macroeconomic and geopolitical uncertainty remains high, gold has the potential to maintain its momentum above the psychological level of $3,600. Source: Newsmaker.id
Gold hit an all-time high of $3,600, driven by expectations of a Fed rate cut, a weakening dollar, and safe-haven demand. Momentum remains strong, with institutional and ETF inflows driving the rally. Key levels: support at $3,560–3,580 (retest), then $3,520; resistance at $3,650 and $3,700. Quick strategy: buy on a price drop above $3,560, be aware of CPI/NFP data releases and a spike in yields. Keep a clear stop-loss (SL) below $3,520. The gold price at the time of writing was $3,605/Toz. DISCLAIMERNote: This article is analytical only and is not a definitive reference. Consider...
OPEC+ agreed to increase production by 137,000 barrels per day starting in October 2025. This increase is slower than in previous months and was decided by the eight core members, as a further step in reopening the tap after a long period of cuts. The voluntary cuts of 1.65 million bpd, originally planned until 2026, are now being gradually reversed. Russia (Alexander Novak) emphasized that the decision is being evaluated monthly and could be reversed if market conditions change. The impact is expected to be moderate as some members still have limited capacity. In the market, Brent prices...