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 (XAU/USD) prices strengthened by nearly 0.50% on Tuesday (2/18) in early European trading, with the precious metal trading around $2,910 at the time of writing. US yields are playing catch-up after the US Presidents Day holiday on Monday. However, Gold is favored by market players as a safe haven against tariffs and geopolitical uncertainty. Meanwhile, Philadelphia Federal Reserve Bank (Fed) President Patrick Harker advocated on Monday night for the central bank to keep interest rates unchanged. He pointed out that the latest inflation report and gauges do not capture the current...
Gold prices moved in the $2908 area on Tuesday (2/18) Gold prices are likely to rise further on structurally higher central bank demand, Goldman Sachs analyst Lina Thomas wrote in a note. The bank raised its forecast for the precious metal by end-2025 to $3,100/oz from $2,890/oz, adding that central bank demand will add 9% to prices by year-end, combined with a gradual increase in ETF holdings as the federal funds rate declines. Source: \n This email address is being protected from spambots. You need JavaScript enabled to view it.
Silver prices remain stable as Silver is widely used in industry, especially in sectors such as electronics or solar energy, as it has one of the highest electrical conductivities of all metals higher than Copper and Gold. A surge in demand could drive up prices. The economic dynamics of the US, China and India could also contribute to price changes for the US and especially China, their large industrial sectors use Silver in various processes.As of this News Release Silver price is at $32,331 Source: Newsmaker.id
Silver prices were steady above $32 an ounce on Monday (2/17). The metal was supported by a weaker dollar, driven by weak US economic data and easing concerns over a global trade war. However, silver hit a three-month high on Friday as strong industrial demand, especially from the electrification and manufacturing sectors, supported prices. Source: Newsmaker.id
Gold (XAU/USD) prices weakened slightly in mid-European trading on Monday (2/17), below $2,900 at the time of writing. Meanwhile, the United States (US) market is closed due to the President's bank holiday. On a rather quiet trading day, no less than three Fed speakers will make comments in the macroeconomic calendar without any releases. Source: Newsmaker.id