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 held firm near a 13-year high as markets weighed the latest U.S. trade policy moves.President Donald Trump announced new tariffs on 14 countries that have yet to reach a trade deal with Washington, including major exporters Japan and South Korea, both of which will face levies of 25%.As of this writing, Silver is at $36,721 Source: Newsmaker.id
Gold prices are stable at around $3,334 per ounce in the Asian session. Market sentiment is still affected by Trump's announcement of new tariffs on several Asian countries, which has triggered demand for safe havens. But the strengthening US dollar and rising bond yields have held back gold. On the other hand, market players are choosing to wait and see, preparing for Donald Trump's tariff policy scenario. Fundamentally, expectations of a Fed interest rate cut and central bank gold purchases support prices to remain strong. However, as long as the dollar is still strong, gold's increase...
The spot price of silver (XAG/USD) slipped around 0.05% to US$36.72 per troy ounce, continuing the correction from its recent high. Easing tensions over the US tariff deadline have caused investors to slightly move away from safe-haven assets such as silver, resulting in profit taking. The decline occurred even though silver previously recorded its highest level in the last 13 years at around US$36.90, supported by safe-haven demand and a long-term supply deficit. Analysts said the potential for a rebound would emerge again if the price approaches the support zone, considering that silver's...
Gold (XAU/USD) prices hit a new daily low during the early European session on Monday, with market players now waiting for a sustained decline below before preparing for deeper losses.Until this News Release, Gold Prices Are at $3,306 Source: Newsmaker.id
Silver (XAG/USD) prices are moving lower after halting a three-day winning streak, down more than 1%, during European trading hours on Monday. Technical analysis of the daily chart shows that the precious metal remains in an ascending channel pattern, indicating a bullish bias is in effect.As of this writing, Silver is trading at $36,613 Source: Newsmaker.id