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 continued to strengthen in European trading on Friday (1/24). Demand for non-interest bearing silver increased following comments made by US President Donald Trump on Thursday night.In addition, industrial demand for silver may have strengthened following comments by US President Donald Trump about his preference to avoid tariffs on China, the world's largest metals consumer and manufacturing hub. Trump expressed optimism about reaching a deal with China after a conversation with President Xi Jinping on Thursday, indicating potential progress in US-China trade...
Gold (XAU/USD) prices maintained their bullish bias heading into the European session on Friday (1/24) and touched a fresh multi-month high, around the $2,778 region in the last hour. Comments by US President Donald Trump, who said that he would prefer not to use tariffs on China, helped ease trade war fears and inflation concerns. This, in turn, triggered a fresh leg down in the US Treasury bond yields amid Trump's call for lower interest rates, which dragged the US Dollar (USD) to a one-month low and boosted demand for the non-yielding yellow metal. Source: Newsmaker.id
Silver prices rose slightly on Friday (1/24) after US President Donald Trump's trade plan added to the dollar and increased demand for silver. The dollar (DXY), down more than 1% this week, headed for its worst weekly decline in two months, sending spot silver up 1.1% to $30.78 per ounce. Source: Newsmaker.id
Gold prices held near their highest levels on Friday (1/24) as traders weighed President Donald Trump's latest tariff threats against Europe, along with his pledge to push for more interest rate cuts. Bullion hit an intraday high in Asia at $2,777 an ounce and was on track for a weekly gain of about 2%, supported by haven demand amid concerns about the global economic outlook under the new U.S. administration. Source: Newsmaker.id
Silver prices fell below $31 an ounce on Thursday (1/23), but remained near a six-week high, as U.S. President Donald Trump's tariff threats fueled demand for the safe-haven asset. Trump indicated on Tuesday that he was considering a 10% tariff on Chinese imports starting Feb. 1, just one day after threatening Mexico and Canada with tariffs of around 25%. However, with no action taken, there is hope that the administration could take a more cautious stance on tariffs. Silver also remains supported by expectations of further interest rate cuts by the Federal Reserve this year, which could...