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POPULAR NEWS
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...

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 Holds Drop Before Powell Speaks; ETF Holdings Sag

Gold holds two-day drop before Federal Reserve Chairman Jerome Powell's testimony, which may give insight into pace of tightening, trade tensions. Investors exit exchange-traded funds for fifth day. Bullion for immediate delivery weakened 0.1% to $1,239.17/oz at 9:17am in Singapore, after losing 0.5% in previous 2 days: Bloomberg generic pricing. Price set for lowest close since July 2017. Bloomberg Dollar Spot Index steady after slipped 0.2% Monday. Fed™s Powell...

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 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...

Lawyers of Jailed South Korean President Resign
Tuesday, 17 October 2017 03:38 WIB | GLOBAL |Global

The seven defense lawyers of ousted South Korean President Park Geun-hye resigned en masse Monday to protest what they say is a biased corruption trial.

Speaking for the first time since the start of her trial, Park, who was removed from office and arrested in March, called the proceedings against her an act of "political revenge."

Park was impeached in December by parliament and in March fired by the country's top court, following revelations of her involvement in a massive corruption scandal centered on a friend of 40 years and some of the country's top businessmen, including Samsung heir Lee Jae-yong.

She faces charges of bribery, extortion, abuse of power and other high-profile corruption charges that could potentially send her to jail for life.

The lawyers' resignations were submitted because they took issue with the extension of her detention. Last week it was extended until April 2018.

The court said Park could destroy evidence if she were released.

One of the lawyers told South Korean news agency Yonhap, "Witnessing the grand principles of presumption of innocence and trial without detention helplessly collapsing, the lawyers feel no need to get involved in future court proceedings." He said, "As we've reached a conclusion that any defense argument for the defendant is meaningless, all of us decided to resign."

Park told the court "I've come to the conclusion that it's meaningless to believe that the court will handle the case only in accordance with the constitution and conscience."

The former president has maintained that she is innocent.

Park is the first elected leader to be removed from office in South Korea since democratic rule was established in 1987.

 

Source: VOA

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POPULAR NEWS
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...

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 Holds Drop Before Powell Speaks; ETF Holdings Sag

Gold holds two-day drop before Federal Reserve Chairman Jerome Powell's testimony, which may give insight into pace of tightening, trade tensions. Investors exit exchange-traded funds for fifth day. Bullion for immediate delivery weakened 0.1% to $1,239.17/oz at 9:17am in Singapore, after losing 0.5% in previous 2 days: Bloomberg generic pricing. Price set for lowest close since July 2017. Bloomberg Dollar Spot Index steady after slipped 0.2% Monday. Fed™s Powell...

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 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...

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