MNI: ITALY JAN SRVCS PMI 50.4 (FCAST 50.4); DEC 50.7

MNI: SPAIN JAN SRVCS PMI 54.9 (FCAST 56.8); DEC 57.3

MNI BRIEF: China Spring Festival Trips Up 5.9% Y/Y

MNI: PBOC Net Drains CNY716.5 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1693 Weds; -1.18% Y/Y

MNI: Fed In No Hurry, Cuts Likely Over Medium-Term - Jefferson

MNI: FRANCE DEC INDUSTRIAL PRODUCTION -0.4% M/M, -1.7% Y/Y

EZ/UK T-Bill Calendar: 3/6/12-Month EU-Bills Auction Wednesday

EZ/UK Bond Supply Calendar: Green Gilt Auction on Wednesday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

COMMODITIES: Crude, Gold Rally Amid Middle-East Uncertainty, China Optimism

COMMODITIES
EM BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsEmerging Market News
  • WTI has traded higher today, boosted by China’s plan to loosen monetary policy, coupled with increased Middle East uncertainty.
  • WTI Jan 25 is up by 1.8% at $68.4/bbl.
  • The toppling of Syria’s Bashar al-Assad's regime at the weekend has added a level of Middle East geopolitical uncertainty for oil markets on Monday.
  • Despite today’s gains, a bearish threat in WTI futures remains present, and a reversal lower would focus attention on $65.74, the Oct 1 low. Initial firm resistance to watch is unchanged at $72.41, the Nov 7 high.
  • Meanwhile, spot gold has risen by 1.0% to $2,660/oz, buoyed by the boost to risk sentiment from the China stimulus headlines.
  • China will implement a more proactive fiscal policy and a moderately loose monetary policy in 2025 to boost domestic demand and stabilise both property and stock markets, according to a Political Bureau meeting.
  • For gold, trend conditions remain bullish, with resistance to watch at $2,721.4, the Nov 25 high.
  • Silver is outperforming today and is up by 2.8% at $31.8/oz, bringing the gold-silver ratio down briefly to its lowest since Oct 31.
  • For silver a clear break of the 50-day EMA would open $33.125, the Nov 1 high.
190 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • WTI has traded higher today, boosted by China’s plan to loosen monetary policy, coupled with increased Middle East uncertainty.
  • WTI Jan 25 is up by 1.8% at $68.4/bbl.
  • The toppling of Syria’s Bashar al-Assad's regime at the weekend has added a level of Middle East geopolitical uncertainty for oil markets on Monday.
  • Despite today’s gains, a bearish threat in WTI futures remains present, and a reversal lower would focus attention on $65.74, the Oct 1 low. Initial firm resistance to watch is unchanged at $72.41, the Nov 7 high.
  • Meanwhile, spot gold has risen by 1.0% to $2,660/oz, buoyed by the boost to risk sentiment from the China stimulus headlines.
  • China will implement a more proactive fiscal policy and a moderately loose monetary policy in 2025 to boost domestic demand and stabilise both property and stock markets, according to a Political Bureau meeting.
  • For gold, trend conditions remain bullish, with resistance to watch at $2,721.4, the Nov 25 high.
  • Silver is outperforming today and is up by 2.8% at $31.8/oz, bringing the gold-silver ratio down briefly to its lowest since Oct 31.
  • For silver a clear break of the 50-day EMA would open $33.125, the Nov 1 high.