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 rose after dropping 2% last week, as of this writing the price of Gold is moving in the area of $3,309. It tends to rise as rising geopolitical and trade tensions revive demand for safe haven assets. Bullion rose as much as 0.8% in Asia after Ukraine launched a series of dramatic drone attacks across Russia on Sunday, hitting airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest attacks on Kyiv, ahead of crucial peace talks this week. Source: Newsmaker.id - ayu
Gold rose after dropping 2% last week — as rising geopolitical and trade tensions revived demand for the haven asset. Bullion rose as much as 0.8% in Asia after Ukraine launched a series of dramatic drone attacks across Russia on Sunday, hitting airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest-ever offensives against Kyiv, ahead of crucial peace talks this week. President Donald Trump also stoked more concerns over global trade over the weekend, vowing to double tariffs on foreign steel and aluminum imports to 50%, with Canada's industry...
Gold (XAU/USD) prices maintained their negative bias below the $3,300 mark through the early European session on Friday (5/30), albeit lacked any follow-through selling. The US dollar (USD) attracted some buyers as they repositioned ahead of the crucial US inflation report, which in turn, was seen as a key factor undermining the commodity. However, concerns about worsening US fiscal conditions, coupled with bets that the Federal Reserve (Fed) will lower borrowing costs further in 2025, might cap gains for the USD and offer some support to the non-yielding yellow metal. Source: Newsmaker.id
Gold rose early in Asia (30/05) after a federal appeals court offered Trump a temporary reprieve from a ruling that threatens to throw out much of his tariff agenda. A weaker dollar also helped, driven by rising fiscal risks and renewed political pressure on the Federal Reserve to cut interest rates. Disappointing data on Thursday showed the U.S. economy shrank at the start of the year, due to weaker consumer spending and a bigger impact from the trade war than previously reported. Meanwhile, tensions with China resurfaced this week after the government announced it would begin revoking...
Gold rose as the dollar gave up short-term gains from a court ruling that struck down President Donald Trump's global tariff agenda. The dollar initially gained after the U.S. Court of International Trade ruled many of Trump's tariffs illegal. However, strategists warn that there are many alternative routes the president can take to ensure his signature economic policies are not derailed. Source: Newsmaker.id