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 prices fell as market players await Federal Reserve (Fed) Chairman Jerome Powell's speech on Thursday on the interest rate outlook after weak inflation data and the US-China trade truceUntil this news was released, Silver prices were at $ 32,215 Source: Newsmaker.id
Gold prices plunged for the second day in three on Wednesday, mainly driven by improved risk appetite following positive trade news related to the United States (US). This, along with a bearish technical chart pattern, pushed the yellow metal below the $3,200 mark for the first time since April 11.As of this writing, Gold prices are at $3,175 Source: Newsmaker.id
Silver prices fell below $33 an ounce on Wednesday (5/14), promising a rise from the previous session as easing global trade tensions reduced demand for safe-haven assets. The decline follows productive U.S.-China trade talks over the weekend in Switzerland, where both sides agreed to temporarily lower tariffs to 30% and 10%, respectively, for a 90-day period—a significant step toward de-escalation. Source: Newsmaker.id
Gold moved in the $3230 area during the European trading session on Wednesday (5/14), several supporting factors are now easing, one of which is from the geopolitical side and the US-China trade war. This continues to weigh on its appeal as a safe haven asset. The precious metal remains about a fifth higher this year, after hitting a record high above $3,500 an ounce last month as trade tensions escalate. Investors worry that the confrontation could trigger a slowdown in growth or recession, as well as faster inflation. Until this news was released, the price of gold was at the level of $...
Silver (XAG/USD) extended its decline during the Asian session on Wednesday (5/14) sparking some extended selling. The white metal dropped to a fresh intraday low, although the mixed technical setup warrants caution before positioning for deeper losses. Source: Newsmaker.id