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 rose on Wednesday (05/03), boosted by a weaker dollar and safe-haven buying amid concerns over a shift in U.S. trade policy. Last week, U.S. President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect Tuesday, along with an additional 10% duty on shipments from China, bringing the cumulative tariffs for China to 20%. In response, reports suggested that Beijing was preparing to impose retaliatory measures on U.S. imports. Source: Newsmaker.id
Gold prices rose amid a weaker US Dollar (USD) as the trade war between the United States (US), Canada, Mexico, and China escalated with new tariffs coming into effect on Tuesday (05/03). Therefore, the decline in the USD supported the precious metal. XAU/USD was trading at $2,918, up 0.62%. Market sentiment remained gloomy after 25% tariffs on Canada and Mexico and an additional 10% duty on China came into effect around midnight. Source: Newsmaker.id
Silver rose above $31 an ounce on Tuesday (04/03) after US President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect on Tuesday, along with an additional 10% duty on Chinese shipments, bringing the cumulative tariffs for China to 20%. In response, reports suggested that Beijing was preparing to impose retaliatory measures on US imports. Meanwhile, ongoing supply and demand uncertainties continue to weigh on sentiment. Source: Newsmaker.id
Gold (XAU/USD) prices moved higher on Tuesday (04/03) after surging more than 1% the previous day. The recent increase came after United States (US) President Donald Trump confirmed on Monday that tariffs on Canada, Mexico, and China are underway. Meanwhile, Canada and China have rejected the unilateral tariffs imposed by the US. A statement released by Canadian Prime Minister Justin Trudeau's office confirmed that Canada will impose retaliatory tariffs on US imports starting Tuesday if the US tariffs go into effect. Source: Newsmaker.id
Silver prices were steady around $31.50 an ounce on Tuesday (04/03), with investors assessing the economic outlook as US President Donald Trump prepares to impose tariffs on major trading partners. On Monday, Trump confirmed that 25% tariffs on imports from Mexico and Canada would go into effect today, along with doubling Chinese levies to 20%. He also reiterated that reciprocal tariffs would go into effect on April 2 on countries that impose duties on US products. Source: Newsmaker.id