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 edged up in early Asian trade to $31.5 an ounce on Tuesday, near its highest since early December as trade war fears eased along with optimism over stronger demand for manufacturing inputs. US President Trump imposed immediate tariffs of 10% on China and 25% on Canada and Mexico, before delaying action on Mexico and easing concerns about how far the administration would go with protectionism. Source: Newsmaker.id
After hitting a new record high on Friday, the precious metal still has room to rise as the trade war boosts safe haven demand. Concerns about the impact of Trump's policies on the global economy have investors seeking valuable assets such as gold and the Japanese yen. This is what drove gold prices to touch $2,830 on Monday (3/2) At the time of writing, gold was at $2,815 Source: Newsmaker.id
Silver (XAG/USD) Prices were steady in early European trading on Monday (3/2). Fears of a global trade war have been growing following US President Donald Trump's massive tariff measures. The Silver Institute recently forecast a significant market deficit for the metal for the fifth consecutive year by 2025, driven by strong industrial demand and retail investment. These factors are expected to outweigh weaker consumption in silver jewelry and silverware. Source: Newsmaker.id
Gold (XAU/USD) prices steadied from most of their intraday losses and climbed back closer to the $2,800 mark in Europe on Monday (3/2). Bullion traded just below $2,790 an ounce, with the dollar surging beyond haven demand as the world braces for a trade war after President Donald Trump imposed tariffs on Canada, Mexico and China. Source: Newsmaker.id
Silver prices fell at the start of the Asian trading session on (03/2)This was driven by President Donald Trump imposing import tariffs from Canada, Mexico, and China, with the dollar soaring beyond demand for safe assets as the world prepares for a trade war. At the time of writing, Silver Prices were at $30,907 Source: \n This email address is being protected from spambots. You need JavaScript enabled to view it.