Oil price exceeds $74 after inventory drop.
by Antonio Di Giacomo, Senior Market Analyst at XS.com
West Texas Intermediate (WTI) crude oil experienced a slight increase following the settlement session on Tuesday, January 7, 2025, driven by data released by the American Petroleum Institute (API). This organization reported a significant decline in U.S. weekly crude oil inventories, far exceeding initial expectations. These figures triggered a positive reaction...
Gold Faces Pressure as Trump Unveils Aggressive Trade Policies
by Samer Hasn, Senior Market Analyst at XS.com
Gold is up slightly today by 0.2%, reclaiming the $2,640 per ounce level after two consecutive days of declines.
Gold has been under severe downward pressure since Donald Trump won a second term in the White House, which has given strength to the US dollar amid anticipation of protectionist trade policies...