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 to their lowest level in more than eight weeks on Friday (4/4) as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from a series of tariffs by US President Donald Trump. Silver moved in tandem with industrial metals, which are also under pressure from concerns about global growth and demand due to US tariffs and global trade turmoil. Source: Newsmaker.id
Gold prices erased gains and fell about 2.5% to $3,020 an ounce on Friday (4/4), hitting a one-week low and further retreating from a record high set earlier in the week. Analysts attributed the decline to investors selling bullion to cover losses in other asset classes amid margin calls. China's announcement of a 34% tariff on all U.S. imports, in retaliation for President Trump's tariffs, has raised concerns about global economic stability and inflationary pressures. Source: Newsmaker.id
Silver prices fell to around $31.50 an ounce on Friday (4/4), bringing weekly losses to nearly 8% as global trade and economic concerns sparked a broad sell-off across financial markets. The decline followed US President Donald Trump's announcement of a 10% base tariff on all imports, with higher levies targeting major economies including China (54%), the EU (20%), Japan (24%) and India (27%). Source: Newsmaker.id
Gold hovered around $3,083 early in the European session on Friday, Thursday's selloff following President Trump's blanket tariff announcement created a more attractive entry point for investors to take a long position—or an increase in value—in gold, Goldman Sachs analysts said in a note.On the other hand, gold prices remain structurally supported by ongoing emerging market central bank buying. Source: Newsmaker.id
Silver prices fell more than 1% to hit a one-week low as traders grappled with market uncertainty following US President Donald Trump's sweeping tariff measures.Trump imposed a base tariff of 10% on all imports, with higher levies targeting major trading partners such as China (34%), the EU (20%), and Japan (24%). In addition, a 25% tariff on foreign-made cars took effect immediately. In defending the move, Trump framed the tariffs as a strategy to support domestic manufacturing and reduce the trade deficit.Until this news was released, Silver price was at $ 31,534 Source: Newsmaker.id