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 (XAG/USD) traded above $30 per troy ounce on Tuesday (7/1), which touched the highest level in almost three weeks as the US dollar weakened following reports that the new Trump administration may take a more targeted approach in implementing tariffs. Market players are currently focused on important US labor market data this week to assess the outlook for Federal Reserve monetary policy, which could affect the direction of the dollar. Meanwhile, silver is still supported by the positive economic outlook in China, the world's largest silver consumer. Beijing recently promised...
Silver prices held above the $30 an ounce level in the mid-US session on Monday as investors cautiously awaited key US economic data that could influence the Federal Reserve's monetary policy outlook. Among the upcoming reports, the market is mainly focused on the US monthly jobs report due on Friday, which could provide insight into whether silver will recover further. Source: Newsmaker.id
Gold prices (XAU/USD) were stable in the $2634 area at the start of the Asian trading session on Tuesday (7/1)This was driven by traders considering the risks to global trade under the new US administration, with President-elect Donald Trump denying reports that he might moderate plans for blanket tariffs. The gold price at the time of this news release was -0.5% or at $2634/Toz. Source: Newsmaker
Silver prices held above $30 an ounce in US mid-day trading on Monday as the white metal also found support from an upbeat economic outlook in China, the world's largest silver consumer. Beijing recently pledged "more proactive" macroeconomic policies and lower interest rates this year to stimulate growth. Additionally, data showed China's services sector expanded at a seven-month high in December, signaling resilient consumption. Source: Newsmaker.id
Gold (XAU/USD) prices fell to around $2610 ahead of the US session on Monday (6/1). Since then, gold prices have started to weaken amidst persistently high US yields. The knee-jerk reaction increased after headlines emerged that President-elect Donald Trump might consider possibly imposing universal tariffs on essential imports. Gold prices at the time of this news release were -0.8% or at $2619/Toz. Source: Newsmaker