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 stabilized in early Asian trading on Friday (July 18th) as interest in safe-haven assets rebounded amid global uncertainty. Investor interest in the precious metal strengthened after global inflation data was deemed unsatisfactory, along with renewed concerns about a trade war between the United States and its trading partners. Furthermore, consistent industrial demand—particularly from the electronics and green energy sectors—contributed to silver prices. Despite the stability, silver price movements remain limited as the market awaits the latest US economic data and further...
Gold prices fell on Thursday during the European session (July 17). What's the cause? Market participants are weighing the possibility of a leadership change at the US central bank, following rumors that President Donald Trump might fire Jerome Powell from his position as Fed Chair. This issue has sparked renewed uncertainty in financial markets. Meanwhile, concerns about political interference remain. If Powell is indeed dismissed before his term ends in 2026, this could raise doubts about the Fed's independence.Source: Newsmaker.id
Silver prices fell slightly from their highs due to a strengthening dollar. Silver declined after previously touching a 14-year high. Global investors began profit-taking, selling their silver holdings to secure profits after a significant price surge throughout the year. Source: Newsmaker.id
Gold prices strengthened on Wednesday (July 16th), driven by a weakening US dollar and increased demand for safe-haven assets amid global geopolitical concerns. The market is closely monitoring investors' response to President Trump's 50-day ultimatum to Russia and continued tariff tensions with major trading partners. In addition, speculation that the Fed will delay interest rate cuts due to persistently high goods inflation also supported gold prices. The focus now turns to the release of US PPI data and the outcome of further international trade negotiations. Source: Newsmaker.id
Silver posted another positive rally on Wednesday, July 16, 2025, with spot prices rising slightly by 0.3% as the dollar weakened and global demand strengthened. This surge follows a year-long upward trend, with silver prices rising more than 30% since the beginning of the year—supported by rising industrial use in the solar energy and electronics sectors, as well as growing investor interest as a safe-haven asset. Source: Newsmaker.id