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 (XAG/USD) weakened on Wednesday (07/4), hovering around $33.00 an ounce after two consecutive days of gains. The decline occurred as safe haven demand weakened following news that U.S. and Chinese officials will meet this week to discuss trade, raising hopes of a de-escalation. Source: Newsmaker.id
Gold fell on Wednesday (7/5) in the European session, entering a new round of trade wars, now the US-China is starting to ease, this is enough to suppress demand for safe assets even as military hostilities between India and Pakistan escalate, and the Dollar Index is stable. However, Beijing said it would not sacrifice its principled stance or international justice to seek any deal. Currently, market players choose to wait and see ahead of this week's FOMC. As of this news release, the price of Gold is at $3,384 Source: Newsmaker.id
Silver fell on Wednesday (07/05) as optimism US-China trade talks curbed demand for safe haven assets even as military hostilities between India and Pakistan escalated. US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet with Chinese economic official He Lifeng in Switzerland later this week for discussions. Source: Newsmaker.id
Gold fell on Wednesday, snapping a two-day advance, as signs of progress in U.S.-China trade talks curbed demand for safe havens even as military hostilities between India and Pakistan escalated. The talks were the first since President Donald Trump imposed sweeping tariffs on China, raising optimism about a deal between the world's two largest economies. But Beijing has said it will not sacrifice its principled stance or international fairness in seeking any deal. The dollar strengthened against most major currencies. Source: Newsmaker.id
Gold (XAU/USD) rose sharply on Tuesday, supported by converging geopolitical conflicts, trade policy uncertainty and investor defensiveness ahead of the Federal Reserve's (Fed) interest rate decision on Wednesday and Chairman Jerome Powell's press conference.Investors are seeking protection from rising global risks and a weaker US Dollar (USD). Gold's rally reflects deepening global jitters.As of this writing, Gold is trading at $3,413 Source; newsmaker.id