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...
Gold prices edged higher on Tuesday (6/10) as investors awaited further clarity on US-China trade talks and awaited key US inflation data due later this week that could provide insight into the Federal Reserve's future interest rate decisions. Top officials from the world's two largest economies sought to defuse a bitter dispute that has spilled over from tariffs to restrictions on rare earths, with trade talks stretching into a second day in London. Source: Newsmaker.id -alg
Gold prices were stable in the European session on Tuesday (10/6), supported by market players awaiting developments from the second day of US-China trade talks in London, while a stronger dollar limited potential gains. US President Donald Trump said his administration was "successful" in the negotiations. Last month, the two sides agreed to temporarily suspend tariffs on each other, which provided some relief to financial markets. Source: Newsmaker.id -ayu
Silver prices fell, but remained above $36.00 per troy ounce during the Asian session on Tuesday. Precious metals prices, including silver, were pressured by a stronger US dollar, weaker demand amid growing hopes for an easing of tensions between the United States (US) and China, which continued their talks for a second day on Tuesday. The US indicated that it would ease certain restrictions on technology exports, in return for assurances that China would ease restrictions on rare earth shipments. According to US and Chinese officials are expected to meet again for a second day on...
Gold prices rose on Monday (09/06), supported by a weaker U.S. dollar ahead of U.S.-China trade talks aimed at easing tensions, while platinum extended gains for a sixth straight session to hit a four-year peak. Source: Newsmaker.id
Silver prices rose above $36 an ounce on Monday (09/06), hitting their highest level in more than 13 years as safe-haven demand remained strong amid global economic and trade uncertainty. The metal also found support from the recent underperformance of gold, which has prompted investors to turn to alternative precious metals Investors are cautious ahead of a key meeting between the US and China, with sentiment dampened by disappointing Chinese export data. In May, Chinese exports fell short of expectations, weighed down by a sharp drop in shipments to the US, underscoring ongoing trade...