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 prices jumped 1% on Wednesday (2/5), extending a record rally, driven by safe-haven demand amid the escalating U.S.-China trade war, while the spotlight was also on payrolls data from the world's largest economy. Spot gold prices rose 0.9% after rising 1% and hitting a record high earlier in the session. Source: Newsmaker.id
Silver prices traded around $32.29 an ounce on Wednesday (2/5), hitting a new record in early 2025.Silver is currently still holding near its highest level as the escalating trade war between the US and China has boosted demand for safe haven assets. Note: This article is analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions. Source: Newsmaker.id
Gold is stable at a positive level to start the Asian trading session on Wednesday (5/2). This is supported by the opening attack of the US-China trade war triggering demand for safe haven assets. A weaker dollar makes gold cheaper for many buyers with losses increasing after the US jobs report showed a gradual slowdown in the labor market. China's response has been relatively calm compared to Trump's first term, when Beijing retaliated with tariffs that were almost equivalent to the US, but there are still many concerns about the impact on the world's two largest economies. Source: ads@...
Silver prices traded around $31.50 an ounce on Tuesday (2/4), holding near their highest level since early December as the escalating trade war between the U.S. and China boosted demand for safe-haven assets. China announced retaliatory tariffs after President Donald Trump's 10 percent tariffs on all Chinese imports went into effect. Earlier, Trump agreed to impose 25 percent tariffs on Canada and Mexico for a month after the countries agreed to take tougher action on immigration and drug trafficking. Source: Newsmaker.id
Gold attracted some sellers following an intraday rally that re-approached all-time highs and traded in neutral territory heading into the European session on Tuesday (February 4).However, the decline remained muted amid concerns about the potential economic impact of US President Donald Trump's trade tariffs, which may continue to support safe-haven bullion.In addition, expectations that Trump's protectionist policies will lead to higher US inflation could further benefit the precious metal's status as a hedge against rising prices.Meanwhile, Trump's decision to temporarily suspend tariffs...