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 hovered around $34 an ounce, down from a five-month high of $34.58 hit on March 28, as investors braced for President Donald Trump's announcement of tit-for-tat tariffs that will take effect on Wednesday. Market participants weighed concerns over an escalating global trade war, which could dampen industrial demand for silver, against its appeal as a safe haven amid growing fears of an economic slowdown. Source: Newsmaker.id
Gold was steady in early European trading on Wednesday (2/4) and remained close to its all-time peak reached the previous day.Meanwhile, Investors remain concerned about US President Donald Trump's aggressive trade policies and their impact on the global economy. In addition, persistent geopolitical tensions have turned out to be a major factor acting as a driver for safe-haven bullion. Source: Newsmaker.id
Silver prices fell to $33.8 an ounce, down from a five-month high of $34.58 hit on March 28, as investors braced for President Donald Trump's announcement of tit-for-tat tariffs set to take effect on Wednesday. Market participants weighed concerns over an escalating global trade war, which could dampen industrial demand for silver, against its appeal as a safe haven amid growing fears of an economic slowdown. Silver was at $33,822 at the time of writing Source: Newsmaker.id
Gold was steady in early Asian trade. "Buying activity by China gold ETFs continues to pick up," Daniel Ghali of TD Securities said in a research note.China gold ETFs added 233,000 ounces of nominal gold over the past week, the senior commodity strategist said.Sentiment in China for the precious metal may also have been supported by Chinese life insurance companies' membership to the Shanghai Gold Exchange, which officially allows them to buy gold. Until this News Released Gold Price is at $ 3,120 Note:This article is only an analysis and not a definitive reference. Consider fundamental...
Gold prices held at the $3130s after previously setting a new record at $3149 today. The new record occurred after investors worried that the new tariffs that Trump will impose on April 2 and 3 could trigger a global trade war. Another issue that supports gold's movement is the geopolitical uncertainty in the Middle East and the lack of certainty of peace between Russia and Ukraine. Currently, traders are still waiting for the release of economic data from the United States. Source: Newsmaker.id