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 $32.2 an ounce, extending their decline from a more than three-month high of $33.39 reached on Feb. 14, amid continued demand uncertainty, fueled by concerns about U.S. tariff policy Investors are also awaiting key economic data and events due later in the week. Markets are particularly focused on Friday's release of the January PCE Price Index, the Federal Reserve's preferred measure of inflation. Source: Newsmaker.id
Gold moved in a positive direction in early European trading, on Tuesday (25/2) after experiencing profit taking action to touch the lowest area of $2929. The recent uptrend in precious metals coincides with negative signs over the long-term conditions of the economy and labor market in the US. This source of uncertainty has added to the prevailing uncertainty globally such as concerns over the trade conflict between the US and the rest of the world. This is still a major factor for the increase in the price of Gold Until this news was released, the price of Gold was at the level of...
Silver (XAG/USD) builds on the previous day's modest bounce from the vicinity of the $32.00 mark, or a nearly one-week low, and gains some positive traction during the Asian session on Tuesday. The white metal, for now, seems to have snapped a two-day losing streak. Meanwhile, investors will shift focus towards Friday's PCE report, the Fed's preferred inflation gauge. While the data is expected to show the slowest price growth since June, persistent inflationary pressures could keep the Fed cautious on rate cuts. Gold price at the time of this press release was at $32,304/ Toz. Source:...
Gold is consolidating in early Asian trade, but potential profit-taking action may weigh after front-month gold futures closed at a new record high overnight.The recent uptrend in the precious metal has coincided with negative signs about the future of economic activity and the labor market in the US.This source of uncertainty has added to the prevailing global uncertainty such as concerns over trade conflicts between the US and the rest of the world. As of this news release, Gold Price is at $2,948 Source: Newsmaker.id
Silver prices reversed early gains and extended their decline from a more than three-month high, amid continued uncertainty over demand, fueled by concerns about U.S. tariff policy. Investors are also awaiting key economic data and events due later in the week. Markets are particularly focused on Friday's release of the January PCE Price Index, the Federal Reserve's preferred measure of inflation. Source: Newsmaker.id