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) prices approached $30.30 during North American trading hours on Monday (07/04). The white metal bounced back strongly after the bloodshed on Thursday and Friday as traders became increasingly confident that the Federal Reserve (Fed) could cut interest rates at its June meeting. However, industrial demand for Silver has changed as Trump's tariffs have stemmed concerns over the global economic outlook, especially in China, which has been hit with 54% tariffs. Source: Newsmaker.id
Gold prices fell on Monday (4/7) as investors opted for the dollar as a safe haven after broad US tariffs raised fears of a global recession. However, analysts remained optimistic about bullion given the challenging economic conditions. Gold, which is used as a safe investment during times of political and financial uncertainty, hit an all-time high driven by strong inflows of safe-haven assets amid geopolitical uncertainty and strong central bank demand. Source: Newsmaker.id
Gold prices held steady on Monday (4/7), supported by strong central bank demand and the potential for an early US Federal Reserve interest rate cut, but gains were capped as some investors sold bullion to cover losses in other trades. Spot gold was little changed at $3,034.89 an ounce, as of 1042 GMT, after hitting a session low of $2,971.09 earlier in the session. Source: Newsmaker.id
Silver prices have rallied back above $30,500 as financial market volatility continues for the third straight day, following US President Donald Trump's decision to impose reciprocal tariffs that have raised concerns about the impact on the global economy.As of this writing, Silver is at $30,674 Source: Newsmaker.id
Gold prices are slowly recovering from their fairly sharp decline at the start of the Asian trading session on Monday (7/4).Gold prices fell around 2% to $2,970, this is still supported by profit-taking actions that are very dominant accompanied by the effects of the trade war.Gold bullion, which has repeatedly touched record highs in recent weeks, fell as much as 2.2% to below $3,000 an ounce, while copper fell as much as 7.7% in London, the most in five years. This follows the metal's defeat against oil which saw the Bloomberg Commodity Index plunge 5.8% last week, its worst performance...