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 fell to $37,845 on Monday afternoon, pressured by easing geopolitical tensions after US President Donald Trump announced a meeting with Russian President Putin this week. The easing of global risks has reduced interest in safe-haven assets like silver. However, expectations of a Fed interest rate cut remain supportive of the market. Weak US employment data increased the likelihood of a rate cut in September. Focus now turns to the release of US inflation data on Tuesday, which could trigger further silver movement. At the time of writing, silver was down 1.33% at...
Gold prices (XAU/USD) faced strong selling pressure after failing to hold above the $3,400 level in Monday's Asian trading session, as optimistic market sentiment dampened demand for traditional safe-haven assets. However, this downward pressure was contained by growing confidence that the Federal Reserve (The Fed) will continue its interest rate cutting cycle in September. This prevented the US Dollar (USD) from capitalizing on its modest recovery from last Friday's two-week low, thus providing some relief for non-yielding gold. Furthermore, continued trade uncertainty ahead of the US...
Global crude oil prices weakened on Monday (August 11th) as supply concerns eased and hopes for diplomacy between the United States and Russia grew. Brent crude fell -0.37% to USD 66.19 per barrel. Price pressure also stemmed from expectations of increased OPEC+ production, although actual output from several member countries remains limited due to technical constraints. The market is also monitoring the prospect of slowing global economic growth, which could potentially reduce energy demand. Source: Newsmaker.id
Gold prices fell on Monday (August 11th) due to easing geopolitical tensions, which dampened demand for safe-haven assets. The market is now shifting attention to US consumer inflation data due Tuesday, which is expected to determine the direction of the Fed's interest rate policy. Pressure on gold emerged after President Donald Trump announced plans to meet with Russian President Vladimir Putin on August 15th in Alaska to negotiate a potential end to the conflict in Ukraine. Source: Newsmaker.id
Silver prices traded steadily this morning in the range of $37–38 per ounce, supported by strong fundamentals. The market remains wary of a global supply deficit due to weak mining production growth, while demand from the industrial sector—particularly solar energy and electronics—continues to increase. HSBC recently raised its 2025 average silver price projection to $35.14/oz, reflecting the potential for further strengthening. Other factors supporting prices include expectations of interest rate easing by the Federal Reserve and a weakening US dollar, which makes the precious metal more...