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 fell again as markets digested news that a US trade court has blocked President Donald Trump's global tariff agenda. As of press time, Silver was trading at $33,180 Source: Newsmaker.id
Gold prices recover on Thursday in early Asian trading (5/29) Bullion prices fell as much as 1% on Thursday, adding to losses of 2% in the previous three sessions, as the U.S. Court of International Trade ruled that Trump's tariffs were illegal, further strengthening the dollar. A stronger U.S. dollar makes gold more expensive for most buyers. On the other hand, the Federal Reserve also revealed in the minutes of its May 6-7 meeting that it sees rising inflation and increased unemployment risks due to the trade war. Source: Newsmaker.id
Gold prices recovered on Wednesday (5/28) as the Federal Reserve revealed in the minutes of its May 6-7 meeting that it sees rising inflation and unemployment risks due to the trade war.
The price of silver (XAG/USD) rose on Wednesday (5/28). Silver was traded at $33.39 per troy ounce, up around 0.38% compared to yesterday's price at $33.27. Meanwhile, the weakening US Dollar (USD) was the driving force behind today's silver movement. Geopolitical instability or fears of a recession could cause silver prices to rise due to its status as a safe asset, although at a lower level than gold. In addition, investors are preparing for the Federal Reserve's preferred inflation index data, the US personal consumption expenditures (PCE) price index excluding food and energy, which...
Gold rose on Wednesday as investors bought the dip after a decline in the previous session, while the market awaited the minutes of the Federal Reserve's latest policy meeting and economic data for insight into the outlook for U.S. interest rates. Spot gold rose 0.6% to $3,320.58 an ounce, as of 0853 GMT. Bullion fell below the $3,300 level and hit a low of $3,285.19 in the previous session. Source: Newsmaker.id