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...
Gold steadied after a rally when President Donald Trump confirmed he would impose tariffs on U.S. trading partners, deepening concerns about the global economic outlook and fueling buying of the precious asset. Bullion traded near $2,892 an ounce — following a 1.2% gain on Monday — as the U.S. leader said Mexico and Canada could not negotiate a suspension of tariffs set to take effect on Tuesday and then signed an order doubling levies on China to 20%. Geopolitical events were also in the spotlight, after a senior defense official said the U.S. was halting all military aid to...
Silver (XAG/USD) prices bounced back after two consecutive days of losses, trading on Monday (03/03). The precious metal benefited from safe-haven demand amid concerns over US President Donald Trump's tariff policies. Over the weekend, Trump announced an additional 10% tariff on Chinese imports, effective Tuesday, following a similar 10% tariff imposed last month. Additionally, on Thursday, he stated via Truth Social that a 25% tariff on Canadian and Mexican goods would go into effect on March 4. Source: Newsmaker.id
Gold rose throughout the early European session on Monday (03/03) as the dollar weakened and demand for safe-haven assets increased. Gold futures rose 1.1% as geopolitical concerns increased as hopes for a short-term peace deal between Russia and Ukraine faded, increasing the appeal of safe-haven assets. Source: Newsmaker.id
Silver prices rose on Monday, helped by a weaker dollar, while stalled peace efforts in Ukraine and concerns over U.S. tariffs fueled demand for the precious metal as a safe haven asset. Source: Newsmaker.id
Gold prices touched the $2876 area at the start of the Asian session on Monday (3/3) after closing at $2856. Resurgent concerns about economic health have raised market expectations for a Federal Reserve interest rate cut, which also adds to the appeal of gold bullion as a non-yielding asset. Meanwhile, investors are considering the economic outlook as US President Donald Trump prepares to impose import levies on major US trading partners. Source: \n This email address is being protected from spambots. You need JavaScript enabled to view it.