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POPULAR NEWS
Wall. St. Sees More Weakness In Gold Price; Main St. Leans Bullish

Wall Street looks for the recent slide in gold prices to continue, while the largest block of Main Street voters is bullish, according to the Kitco News weekly survey. Nineteen market professionals took part in the survey. There were 12 votes, or 63%, calling for gold prices to fall. There were four votes, or 21%, calling for gold to rise, while three voters, or 16%, look for a sideways market. Meanwhile, 642 voters responded in an online Main Street survey. A total of 280 respondents, or...

Gold books back-to-back loss to finish around 2018's lows

Gold prices on Monday fell for a second straight session, failing at an earlier attempt to rebound to book another finish at their lowest in roughly a year. Prices for the metal declined as U.S. economic data did little to unseat expectations for higher interest rates over coming months”an outlook that has driven the greenback higher this year and helped to sink dollar-denominated gold. August gold fell by $1.50, or 0.1%, to settle at $1,239.70 an ounce. Prices based on the most-active...

Gold Holds Drop Amid Trade Tension; Powell Speech Eyed

Gold holds drop amid ongoing trade tensions and as investors await Federal Reserve Chairman Jerome Powell's speech later this week for further clues on the central bank's monetary policy path. Bullion for immediate delivery little changed at $1,243.55/oz at 9:27am in Singapore, after lost 0.3% Friday, according to Bloomberg generic pricing. This metal lost 0.9% last week. Bloomberg Dollar Spot Index flat after added 0.6% last week. œWhile the USD strength is...

China Stocks Hold Loss After GDP Meets Estimates; Xiaomi Tumbles

Chinese stocks remained lower after data showed 2Q GDP grew 6.7%, in line with expectations, while Xiaomi dropped after being excluded from a list of stocks eligible for trading via connects with mainland China. Shanghai Composite Index down 0.6% as of 10:19am local time. CSI 300 Index also 0.6% lower, ChiNext retreats 0.5%. Hang Seng Index falls 0.3%, erasing 0.6% gain; Hang Seng China Enterprises Index -0.9%. Xiaomi, which made its debut in Hong Kong last week, slides as much...

Oil prices dip as markets eye potential supply increases

Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers. Brent crude futures were down 26 cents, or 0.4 percent, at $75.07 a barrel at 00:57 GMT. U.S. West Texas Intermediate (WTI) crude was down 27 cents, or 0.4 percent, at $70.74 a barrel. Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although...

Independent Analysis: Trump Budget Plan Would Not Cut Deficit
Friday, 14 July 2017 11:27 WIB | GLOBAL |Global

U.S. President Donald Trump's proposed spending plan over the next decade would not come close to balancing the national government's budget as it had promised, an independent analysis said Thursday.

The Congressional Budget Office said the proposed White House budget would result in a $720 billion deficit at the end of 10 years, not a small surplus as it had estimated.

The CBO said Trump's decade-long spending plan would trim the current nearly $20 trillion national debt by $3.3 trillion, not the $5.6 trillion the White House projected.

"The reduction in deficits and debt under the president™s budget would be achieved by decreasing both mandatory and discretionary spending significantly compared with projections under current law," the CBO said.

"In particular, federal spending for health care would be much lower ... as would outlays for war-related programs and for many nondefense purposes," the CBO said.

The independent agency, whose financial estimates often shape lawmakers' policy decisions in the U.S., said, "The deficits that CBO estimates would occur under the president™s proposals are larger than those estimated by the [Trump] administration. Nearly all of that difference arises because the administration projects higher revenue collections ” stemming mainly from a projection of faster economic growth."

 

Source: voanews

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POPULAR NEWS
Wall. St. Sees More Weakness In Gold Price; Main St. Leans Bullish

Wall Street looks for the recent slide in gold prices to continue, while the largest block of Main Street voters is bullish, according to the Kitco News weekly survey. Nineteen market professionals took part in the survey. There were 12 votes, or 63%, calling for gold prices to fall. There were four votes, or 21%, calling for gold to rise, while three voters, or 16%, look for a sideways market. Meanwhile, 642 voters responded in an online Main Street survey. A total of 280 respondents, or...

Gold books back-to-back loss to finish around 2018's lows

Gold prices on Monday fell for a second straight session, failing at an earlier attempt to rebound to book another finish at their lowest in roughly a year. Prices for the metal declined as U.S. economic data did little to unseat expectations for higher interest rates over coming months”an outlook that has driven the greenback higher this year and helped to sink dollar-denominated gold. August gold fell by $1.50, or 0.1%, to settle at $1,239.70 an ounce. Prices based on the most-active...

Gold Holds Drop Amid Trade Tension; Powell Speech Eyed

Gold holds drop amid ongoing trade tensions and as investors await Federal Reserve Chairman Jerome Powell's speech later this week for further clues on the central bank's monetary policy path. Bullion for immediate delivery little changed at $1,243.55/oz at 9:27am in Singapore, after lost 0.3% Friday, according to Bloomberg generic pricing. This metal lost 0.9% last week. Bloomberg Dollar Spot Index flat after added 0.6% last week. œWhile the USD strength is...

China Stocks Hold Loss After GDP Meets Estimates; Xiaomi Tumbles

Chinese stocks remained lower after data showed 2Q GDP grew 6.7%, in line with expectations, while Xiaomi dropped after being excluded from a list of stocks eligible for trading via connects with mainland China. Shanghai Composite Index down 0.6% as of 10:19am local time. CSI 300 Index also 0.6% lower, ChiNext retreats 0.5%. Hang Seng Index falls 0.3%, erasing 0.6% gain; Hang Seng China Enterprises Index -0.9%. Xiaomi, which made its debut in Hong Kong last week, slides as much...

Oil prices dip as markets eye potential supply increases

Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers. Brent crude futures were down 26 cents, or 0.4 percent, at $75.07 a barrel at 00:57 GMT. U.S. West Texas Intermediate (WTI) crude was down 27 cents, or 0.4 percent, at $70.74 a barrel. Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although...

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