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POPULAR NEWS
Gold prices down a third straight session to lowest finish in a year

Gold futures fell a third session in a row on Tuesday to mark another finish at their lowest level in a year. Strength in the U.S. dollar following testimony from U.S. Federal Reserve Chairman Jerome Powell that backed continued hikes in interest rates kept pressure on gold. August gold fell $12.40, or 1%, to settle at $1,227.30 an ounce, the lowest for a most-active contract since July 13, 2017, according to FactSet data. Source : Marketwatch

Gold settles with a slight gain, avoids correction territory

Gold prices settled slightly higher on Wednesday, ending a three-session streak of declines as a benchmark dollar index eased back toward session lows, allowing the yellow metal to avoid a finish in correction territory. August gold tacked on 60 cents, or less than 0.1%, to settle at $1,227.90 an ounce, giving up earlier declines that saw prices touch a low of $1,220.90. The precious commodity has thus far tumbled 9.9% since its peak on Jan. 15 at $1,362.90 an ounce, placing it near...

Gold prices steady as dollar firms after Fed comments

Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views the central bank is on track to steadily hike interest rates. Spot gold was largely unchanged at $1,227.16 an ounce at 00:47 GMT. On Tuesday, it fell 1 percent and hit its lowest since last July at $1,225.58. U.S. gold futures for August delivery were little changed at $1,227 an...

Gold aims to snap 2-session skid as dollar gauge sees muted action

Gold prices on Tuesday edged higher, attempting to snap a two-session slide and halt a broader downturn that has taken the commodity to its lowest levels in about a year. August gold ticked up $1.30, or 0.1%, to $1,241 an ounce, after the most-active contract marked the lowest settlement since July 17, 2017 on Monday, according to FactSet data. Gold has ended lower in the past two sessions and has finished in the red in four of the past five trading days. A popular fund tracking gold, the...

Powell says more gradual interest-rate hikes is the 'best way forward''

Federal Reserve Chairman Jerome Powell on Tuesday said continued gradual interest-rate hikes was the "best way forward" for monetary policy. "With a strong job market, inflation close to our objective, and the risks to the outlook roughly balanced, the FOMC believes that - for now - the best way forward is to keep gradually raising the federal funds rate," Powell said in testimony to the Senate Banking Committee. Powell said the unemployment rate is expected to fall further and the Fed's...

Australia Jet and Navy Data Stolen in Extensive Hack
Thursday, 12 October 2017 21:12 WIB | GLOBAL |Global

Sensitive information about Australia's defence programmes has been stolen in an "extensive" cyber hack.

About 30GB of data was compromised in the hack on a government contractor, including details about new fighter planes and navy vessels.

The data was commercially sensitive but not classified, the government said. It did not know if a state was involved.

Australian cyber security officials dubbed the mystery hacker "Alf", after a character on TV soap Home and Away.

The breach began in July last year, but the Australian Signals Directorate (ASD) was not alerted until November. The hacker's identity is not known.

"It could be one of a number of different actors," Defence Industry Minister Christopher Pyne told the Australian Broadcasting Corp on Thursday.

"It could be a state actor, [or] a non-state actor. It could be someone who was working for another company."

Mr Pyne said he had been assured the theft was not a risk to national security.

Weaknesses exploited

The hack was described as "extensive and extreme" by ASD incident response manager Mitchell Clarke.

It included information about Australia's new A$17bn (£10bn; $13bn) F-35 Joint Strike Fighter programme, C130 transport plane and P-8 Poseidon surveillance aircraft, as well as "a few" naval vessels, he said.

Mr Clarke told a Sydney security conference that the hacker had exploited a weakness in software being used by the government contractor. The software had not been updated for 12 months.

The aerospace engineering firm was also using default passwords, he said.

ASD officials began repairing the system in December.

A report by ZDNet said officials referred to the months before ASD intervention as "Alf's mystery happy fun time".

"For those visitors overseas to Australia, Alf is Alf Stewart from an horrific Australia soap opera called Home and Away. It's just a thing we do," Mr Clarke told his audience, according to BuzzFeed.

'Salutary reminder'

The government distanced itself from the Adelaide-based firm, saying it had most likely been employed by another contractor.

"I don't think you can try and sheet blame for a small enterprise having lax cyber security back to the federal government. That is a stretch," Mr Pyne said.

"Fortunately, the data that was taken was commercial data, not military data, but it is still very serious and we will get to the bottom of it."

However, he said "we don't necessarily let the public know" about the identities of hackers, because such investigations often involve confidential information.

The incident was a "salutary reminder" about cyber security, he added.

Last year, Australia announced a surge in defence spending, a move that reflects concern over military expansion in the region.

Military spending would grow by A$29.9bn over 10 years, including plans to buy 72 Joint Strike Fighters, the 2016 Defence White Paper outlined.

 

Source: BBC

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POPULAR NEWS
Gold prices down a third straight session to lowest finish in a year

Gold futures fell a third session in a row on Tuesday to mark another finish at their lowest level in a year. Strength in the U.S. dollar following testimony from U.S. Federal Reserve Chairman Jerome Powell that backed continued hikes in interest rates kept pressure on gold. August gold fell $12.40, or 1%, to settle at $1,227.30 an ounce, the lowest for a most-active contract since July 13, 2017, according to FactSet data. Source : Marketwatch

Gold settles with a slight gain, avoids correction territory

Gold prices settled slightly higher on Wednesday, ending a three-session streak of declines as a benchmark dollar index eased back toward session lows, allowing the yellow metal to avoid a finish in correction territory. August gold tacked on 60 cents, or less than 0.1%, to settle at $1,227.90 an ounce, giving up earlier declines that saw prices touch a low of $1,220.90. The precious commodity has thus far tumbled 9.9% since its peak on Jan. 15 at $1,362.90 an ounce, placing it near...

Gold prices steady as dollar firms after Fed comments

Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views the central bank is on track to steadily hike interest rates. Spot gold was largely unchanged at $1,227.16 an ounce at 00:47 GMT. On Tuesday, it fell 1 percent and hit its lowest since last July at $1,225.58. U.S. gold futures for August delivery were little changed at $1,227 an...

Gold aims to snap 2-session skid as dollar gauge sees muted action

Gold prices on Tuesday edged higher, attempting to snap a two-session slide and halt a broader downturn that has taken the commodity to its lowest levels in about a year. August gold ticked up $1.30, or 0.1%, to $1,241 an ounce, after the most-active contract marked the lowest settlement since July 17, 2017 on Monday, according to FactSet data. Gold has ended lower in the past two sessions and has finished in the red in four of the past five trading days. A popular fund tracking gold, the...

Powell says more gradual interest-rate hikes is the 'best way forward''

Federal Reserve Chairman Jerome Powell on Tuesday said continued gradual interest-rate hikes was the "best way forward" for monetary policy. "With a strong job market, inflation close to our objective, and the risks to the outlook roughly balanced, the FOMC believes that - for now - the best way forward is to keep gradually raising the federal funds rate," Powell said in testimony to the Senate Banking Committee. Powell said the unemployment rate is expected to fall further and the Fed's...

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