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 fell on Thursday (05/06), supported by easing geopolitical tensions, dovish central bank signals and continued weakness in U.S. labor market data, factors that continued to boost demand for safe-haven assets. The call between President Xi and Trump came hours before German Chancellor Friedrich Merz's scheduled visit to the White House, where he is expected to press Trump to ease tariffs on European exports amid rising global trade tensions. Source: Newsmaker.id
Silver prices surged to $35.60 an ounce on Thursday (6/5), hitting their highest level since February 2012, as weak U.S. economic data and a dovish Federal Reserve outlook fueled safe-haven demand ahead of Friday's nonfarm payrolls report. Beyond economic fundamentals, geopolitical and trade tensions are adding to market jitters. The U.S. has doubled tariffs on steel and aluminum imports to 50%, stoking fears of renewed trade tensions with major partners. Source: Newsmaker.id
Gold rose on Thursday (06/05) in European trading, Gold continued its rise, The decline in hiring and contraction in US service activity have raised expectations of monetary policy easing to avoid a recession. Lower interest rates usually benefit non-interest bearing bullion. At the same time, demand for gold as a safe haven asset is also prominent, ANZ said. US relations with China and the European Union continue to deteriorate as President Trump doubles steel and aluminum tariffs to 50%, ANZ said. Source: Newsmaker.id
Gold rose on Thursday (06/05) in Asian trading, holding gains, after weaker-than-expected US data reinforced expectations that the Federal Reserve will cut interest rates at least twice this year to stave off a recession. Meanwhile, concerns about worsening tensions between the US and some of its major trading partners resurfaced after President Donald Trump doubled tariffs on steel and aluminum to 50%. Separately, he called his Chinese counterpart Xi Jinping "very difficult to make a deal with". Source: Newsmaker.id
Gold rose on Wednesday, supported by a weaker dollar and weak US data, as investors grappled with rising economic and political uncertainty. US President Donald Trump said his Chinese counterpart Xi Jinping was tough and "very difficult to deal with", just days after accusing Beijing of breaking a deal to lift tariffs. Source: Newsmaker.id