Jerry Lin
The Latest
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Oil Prices Hit Three-Month High as Demand Surges Amid Sanctions and Weather Woes
Oil prices continued their upward trajectory on Monday, reaching their highest levels since October 2024. The rally was driven by colder-than-normal weather, signs of recovering demand in Asia, and market anticipation of stricter sanctions on Russian and Iranian crude exports. 
Oil prices continued their upward trajectory on Monday, reaching their highest levels since October 2024. The rally was driven by colder-than-normal weather, signs of recovering demand in Asia, and market anticipation of stricter sanctions on Russian and Iranian crude exports. -
Oil Prices Rally as US Stockpile Decline Balances China Concerns
Oil prices hovered near their highest levels in nearly three months on Friday, buoyed by a sharp decline in U.S. crude stockpiles and optimism about China's economic recovery. However, lingering uncertainties about global supply and geopolitical risks tempered market enthusiasm. 
Oil prices hovered near their highest levels in nearly three months on Friday, buoyed by a sharp decline in U.S. crude stockpiles and optimism about China's economic recovery. However, lingering uncertainties about global supply and geopolitical risks tempered market enthusiasm. -
Gold Hits Three-Week High Amid Dollar Pullback and Safe-Haven Demand
Gold prices reached a three-week peak on Friday as a weaker U.S. dollar and safe-haven buying provided support for the precious metal. Spot gold hit $2,654.21 per ounce by mid-morning, marking its highest level since December 13, and was up approximately 1.3% for the week. U.S. gold futures were steady at $2,669.90. 
Gold prices reached a three-week peak on Friday as a weaker U.S. dollar and safe-haven buying provided support for the precious metal. Spot gold hit $2,654.21 per ounce by mid-morning, marking its highest level since December 13, and was up approximately 1.3% for the week. U.S. gold futures were steady at $2,669.90. -
U.S. Jobless Claims Fall to Eight-Month Low, Indicating Steady Labor Market
The number of Americans filing for unemployment benefits fell to 211,000 in the week ending December 28, marking the lowest level since March, according to the Labor Department's report released Thursday. This decline of 9,000 claims highlights continued resilience in the U.S. labor market despite broader signs of cooling. 
The number of Americans filing for unemployment benefits fell to 211,000 in the week ending December 28, marking the lowest level since March, according to the Labor Department's report released Thursday. This decline of 9,000 claims highlights continued resilience in the U.S. labor market despite broader signs of cooling. -
European Gas Prices Surge as Ukraine Ends Decades-Long Russian Gas Transit
The wholesale price of natural gas in Europe has reached its highest level in over a year following Ukraine's decision to halt the transit of Russian gas into the continent. The move marks a significant shift in Europe's energy landscape, ending decades of reliance on a key pipeline that transported Russian gas across Ukrainian territory. 
The wholesale price of natural gas in Europe has reached its highest level in over a year following Ukraine's decision to halt the transit of Russian gas into the continent. The move marks a significant shift in Europe's energy landscape, ending decades of reliance on a key pipeline that transported Russian gas across Ukrainian territory. -
Oil Prices Surge Amid Optimism for China’s Economy and Strong U.S. Demand
Oil prices rose sharply on the first trading day of 2025 as markets reacted to promising signals from China's economic policies and robust demand in the United States. Brent crude futures climbed $1.04, or 1.39%, to $75.68 a barrel by midday trading on Thursday, while U.S. West Texas Intermediate (WTI) crude increased by $1.02, or 1.42%, to $72.74 per barrel. Oil prices rose sharply on the first trading day of 2025 as markets reacted to promising signals from China's economic policies and robust demand in the United States. Brent crude futures climbed $1.04, or 1.39%, to $75.68 a barrel by midday trading on Thursday, while U.S. West Texas Intermediate (WTI) crude increased by $1.02, or 1.42%, to $72.74 per barrel. -
Chinese Manufacturing Growth Slows as New Trade Threats Loom
China's manufacturing sector ended the year on a tempered note, with fresh data showing a lower-than-expected reading for December's purchasing managers index. According to the National Bureau of Statistics, the PMI stood at 50.1 in December, a figure just above the expansion threshold but below the 50.3 forecast by economists. 
China's manufacturing sector ended the year on a tempered note, with fresh data showing a lower-than-expected reading for December's purchasing managers index. According to the National Bureau of Statistics, the PMI stood at 50.1 in December, a figure just above the expansion threshold but below the 50.3 forecast by economists. -
Gold Prices Steady Amid Holiday Trading as Investors Brace for 2025 Shifts
Gold prices held steady in light holiday trading on Monday as markets awaited critical economic data from the United States and China, as well as potential policy shifts under the incoming Trump administration. Spot gold slipped 0.3% to $2,611.39 per ounce, while U.S. gold futures also declined 0.3% to $2,624.00, reflecting cautious sentiment among investors as the year comes to a close. Gold prices held steady in light holiday trading on Monday as markets awaited critical economic data from the United States and China, as well as potential policy shifts under the incoming Trump administration. Spot gold slipped 0.3% to $2,611.39 per ounce, while U.S. gold futures also declined 0.3% to $2,624.00, reflecting cautious sentiment among investors as the year comes to a close. -
Oil Prices Edge Higher Amid U.S. and China Demand Optimism as 2025 Growth Signals Emerge
Oil prices gained modestly in thin trading on Monday as investors looked ahead to key economic data from China and the United States, the world's two largest oil consumers, to assess prospects for future demand. The market's optimism was underpinned by recent signs of strong consumption and expectations for economic growth in 2025. Oil prices gained modestly in thin trading on Monday as investors looked ahead to key economic data from China and the United States, the world's two largest oil consumers, to assess prospects for future demand. The market's optimism was underpinned by recent signs of strong consumption and expectations for economic growth in 2025. -
Gold Prices Dip Amid Mixed U.S. Jobs Data and Fed Rate Uncertainty
Gold prices slipped in thin holiday trading, reflecting mixed economic signals and market uncertainty surrounding Federal Reserve policy and the anticipated impact of President-elect Donald Trump's return to office. Spot gold declined 0.6% to $2,617.48 per ounce by late Friday morning in New York, erasing Thursday's gains as investors assessed U.S. labor market data and its implications for future interest rates. 
Gold prices slipped in thin holiday trading, reflecting mixed economic signals and market uncertainty surrounding Federal Reserve policy and the anticipated impact of President-elect Donald Trump's return to office. Spot gold declined 0.6% to $2,617.48 per ounce by late Friday morning in New York, erasing Thursday's gains as investors assessed U.S. labor market data and its implications for future interest rates.
