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POPULAR NEWS
Gold down a third day on dollar strength, with inflation risk in focus

Gold futures marked a third session decline on Wednesday, deepening their retreat from the key $1,300 level on the heels of recent strength in the U.S. dollar, as investors deal with uncertainty over who will become the next Federal Reserve chief and how that will influence the outlook for interest rates. December gold gave up $3.20, or 0.3%, to settle at $1,283 an ounce, with prices logging their lowest finish since Oct. 6, according to FactSet data. The exchange-traded SPDR Gold Trust shed...

Gold Holds Losses as Equity Gains, Fed Chair Weighed

Gold holds declines from near 3-week high as investors assess magnitude of recent gains in global equities, speculation the next Fed chairman will be more hawkish. Bullion for immediate delivery as much as -0.4% to $1,280.14/oz before trading at $1,286.25 at 8:13am in Singapore, according to Bloomberg generic pricing Prices -1.4% in previous two days Bloomberg Dollar Spot Index -0.1% after climbing to a week-high on Tues In other precious metals: Silver +0.1% to $17.0609/oz after two...

Gold Holds Drop as Investors Watch Fed, China Congress

Gold little changed after sliding the previous two days as investors assess likelihood the next Fed chairman will be more hawkish; also waiting for signals on China™s economic policy amid the opening of the Communist Party Congress. Bullion for immediate delivery flat at $1,284.58/oz at 2:32pm in Singapore, after -1.4% in previous two days, according to Bloomberg generic pricing Bloomberg Dollar Spot Index steady after climbing to a week-high on Tues In other precious metals: Silver...

Gold Perks up as Geopolitical Tensions in Europe Resurface

Gold futures were trading higher on Thursday and on track to snap a three-session skid as political drama in the eurozone rattled investor confidence, providing the haven asset a path to climb. December gold rose $5.50, or 0.4%, at $1,288.50 an ounce, after marking its third straight decline on Wednesday as the Dow Jones Industrial Average closed above 23,000 for the first time and as all three main U.S. benchmarks marked all-time highs, underlining Wall Street™s appetite for assets...

Dollar dips into the red, as euro climbs higher

The U.S. dollar dipped into negative territory against its major rivals Wednesday, eclipsing gains from earlier in the session and snapping a four-day winning streak. The ICE U.S. Dollar Index which gauges the dollar against six other currencies, slipped 0.1% to 93.395, and the WSJ Dollar Index, a measure of the greenback against 16 rivals, added 0.1% at 86.68. The euro moved to pare its losses in the second half of the European session and rose to $1.1799, compared with $1.1766 late...

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
Gold down a third day on dollar strength, with inflation risk in focus

Gold futures marked a third session decline on Wednesday, deepening their retreat from the key $1,300 level on the heels of recent strength in the U.S. dollar, as investors deal with uncertainty over who will become the next Federal Reserve chief and how that will influence the outlook for interest rates. December gold gave up $3.20, or 0.3%, to settle at $1,283 an ounce, with prices logging their lowest finish since Oct. 6, according to FactSet data. The exchange-traded SPDR Gold Trust shed...

Gold Holds Losses as Equity Gains, Fed Chair Weighed

Gold holds declines from near 3-week high as investors assess magnitude of recent gains in global equities, speculation the next Fed chairman will be more hawkish. Bullion for immediate delivery as much as -0.4% to $1,280.14/oz before trading at $1,286.25 at 8:13am in Singapore, according to Bloomberg generic pricing Prices -1.4% in previous two days Bloomberg Dollar Spot Index -0.1% after climbing to a week-high on Tues In other precious metals: Silver +0.1% to $17.0609/oz after two...

Gold Holds Drop as Investors Watch Fed, China Congress

Gold little changed after sliding the previous two days as investors assess likelihood the next Fed chairman will be more hawkish; also waiting for signals on China™s economic policy amid the opening of the Communist Party Congress. Bullion for immediate delivery flat at $1,284.58/oz at 2:32pm in Singapore, after -1.4% in previous two days, according to Bloomberg generic pricing Bloomberg Dollar Spot Index steady after climbing to a week-high on Tues In other precious metals: Silver...

Gold Perks up as Geopolitical Tensions in Europe Resurface

Gold futures were trading higher on Thursday and on track to snap a three-session skid as political drama in the eurozone rattled investor confidence, providing the haven asset a path to climb. December gold rose $5.50, or 0.4%, at $1,288.50 an ounce, after marking its third straight decline on Wednesday as the Dow Jones Industrial Average closed above 23,000 for the first time and as all three main U.S. benchmarks marked all-time highs, underlining Wall Street™s appetite for assets...

Dollar dips into the red, as euro climbs higher

The U.S. dollar dipped into negative territory against its major rivals Wednesday, eclipsing gains from earlier in the session and snapping a four-day winning streak. The ICE U.S. Dollar Index which gauges the dollar against six other currencies, slipped 0.1% to 93.395, and the WSJ Dollar Index, a measure of the greenback against 16 rivals, added 0.1% at 86.68. The euro moved to pare its losses in the second half of the European session and rose to $1.1799, compared with $1.1766 late...

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