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 rose slightly after a two-day decline, as the market remains in wait-and-see mode despite data showing improving economic sentiment and signs of progress in trade talks, but the FOMC Minutes are still the reference. As of this writing, Silver is at $33,267 Source: Newsmaker.id
Gold edged up at the start of Asian trading on Wednesday (05/28) after a two-day decline, as markets remained in wait-and-see mode despite data showing improving economic sentiment and signs of progress in trade talks. Investors are now gearing up for the Federal Reserve's preferred inflation measure, the US personal consumption expenditures price index excluding food and energy, due out on Friday. Source: Newsmaker.id
Gold continued to fall on Tuesday (5/27) as the dollar strengthened and demand for safe-haven assets declined, with investors also weighing the prospect of improving trade relations between the U.S. and the European Union. Bullion fell 1.5% as signs that Japan may be ready to adjust its debt issuance boosted global bonds and the U.S. currency. A stronger U.S. dollar makes gold more expensive for buyers in other currencies, while lower debt yields reduce the appeal of the non-interest-bearing precious metal. Source: Newsmaker.id
Gold extended its decline for the second day this week as the US dollar clawed back some gains and demand for safe-haven assets eased, with investors also weighing the prospects for improved trade relations between the US and EU after US President Donald Trump said on Sunday that he agreed to extend the deadline for 50% tariffs on the European Union (EU) until July 9. Source: Newsmaker.id
Demand for safe haven assets such as silver has been affected by signs that the White House may be making progress in negotiations with some trading partners.As of this writing, Silver is at $33,301 Source: Newsmaker.id