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 was steady on Monday (6/9) — after dropping nearly 2% over the previous two sessions — as the next round of U.S.-China trade talks offered hope that tensions between the two largest economies could ease. Bullion prices were trading above $3,315 an ounce, after falling on Friday as better-than-expected U.S. jobs data eased some concerns about the country's economic slowdown. Top trade negotiators from Washington and Beijing are set to hold fresh talks in London on Monday, with China's dominance in rare earth production a major focus. Source: Newsmaker.id
Gold prices reversed earlier gains and fell by up to 1% after data from Non Farm Payroll showed an improvement in the latest labor data and market views that there is a decrease in tensions in the US-China trade war. Nonfarm Payrolls (NFP) in the United States (US) rose by 139,000 in May, the US Bureau of Labor Statistics (BLS) reported on Friday. This followed a gain of 147,000 (revised from 177,000) recorded in April and slightly better than the market expectation of 126,000. Other details from the report showed that the Unemployment Rate remained steady at 4.2% as anticipated, while the...
Silver (XAG/USD) prices remain firm for the second straight session, holding near its highest level since February 2012. The grey metal is trading around $36.16 per troy ounce as it enters the European session on Friday. Precious metals prices, including silver, surged as demand for safe-haven assets increased amid weak economic data from the United States (US), which fueled expectations of a Federal Reserve (Fed) interest rate cut. Weekly Initial Jobless Claims rose to 247,000 on Thursday, above expectations of 235,000.
Gold prices trimmed their gains ahead of entering the European session on Friday (6/6). This movement occurred because many investors preferred to wait for the release of important data from America tonight as a reference for future economic policy. Nonfarm payrolls data to be released on Friday is expected to be lower for May, especially after a series of weak labor market data throughout the week. The US hiring trend has been hampered by increasing uncertainty over economic policy under Trump, especially his tariff agenda.
Harga emas menguat di sesi perdagangan pagi Asia hari Jumat (6/6), di dukung oleh pertemuan Trump dan Xi via telpon dan data ekonomi AS yang di rilis hari Kamis mengindikasikan pelemahan berkelanjutan dalam data pasar tenaga kerja AS serta meredanya ketegangan perang dagang. Presiden Trump mengatakan pembicaraannya dengan pemimpin Tiongkok Xi Jinping produktif dan kedua belah pihak sepakat untuk segera bertemu. Sementara investor tetap bersikap hati-hati jelang rilis laporan penggajian nonpertanian AS Jumat malam ini (6/6).