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 (XAG/USD) held steady and traded above $32 an ounce on Thursday (2/13). Traders also shrugged off the possibility of a peace deal with US President Donald Trump and Russian President Vladimir Putin, who spoke by phone to outline an imminent meeting to outline a peace deal. Source: Newsmaker.id
Gold prices rose on Thursday (2/13) as concerns grew about U.S. President Donald Trump's upcoming tariff plans, which could further strain global trade relations. U.S. producer prices rose strongly in January, providing further evidence of rising inflation and reinforcing financial market expectations that the Federal Reserve will delay interest rate cuts until the second half of this year. Source: Newsmaker.id
Silver price (XAG/USD) holds onto gains near Wednesday's high around $32.30 in Thursday's European session. The white metal remains firm amid uncertainty that United States (US) President Donald Trump will announce reciprocal tariffs on Thursday.The White House said on Wednesday that US President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday.Such a scenario would deepen fears of a global trade war, which will boost the safe-haven appeal of precious metals, such as Silver. Source: Newsmaker.id
Gold (XAU/USD) prices held on to modest intraday gains through the first half of the European session on Thursday (2/13), albeit lacked follow-through and remained below the record highs touched earlier this week. Investors remain concerned that US President Donald Trump's trade tariffs could trigger a global trade war, which continued to act as a tailwind for the safe-haven bullion. Adding to this, a fresh leg down in the US Treasury bond yields dragged the US Dollar (USD) to a weekly low and turned out to be another factor that benefitted the commodity. Source: Newsmaker.id
Silver trended higher during the Asian session on Thursday (2/13). This was supported by the US dollar and lower Treasury yields, with traders assessing the US push to try to end the war in Ukraine, as well as President Donald Trump's disruptive moves on trade. Silver prices have soared this year. The surge has been driven by demand for safe-haven assets, with traders trying to gauge the impact of the new administration's stance on trade and geopolitics. Source: Newsmaker.id