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POPULAR NEWS
Gold back at 4-month high, gaining for 5th day

Gold futures notched a fifth session gain and another four-month high on Wednesday, with the dollar-denominated yellow metal getting a boost as the U.S. dollar failed to see much of a bounce back from recent lows. Prices for the yellow metal eased back a bit from the settlement shortly after the release of the Federal Reserve™s Beige Book. February gold rose $2.10, or nearly 0.2%, to settle at $1,339.20 an ounce”the highest since Sept. 8. Gold last week tallied a fifth week of...

Gold Pulls Back From 4-Month Highs as Dollar Steadies

Gold futures pulled back on Wednesday from their highest finish in four months, as a bruised U.S. dollar index stabilized. February gold fell $1.40, or 0.1%, at $1,335.60 an ounce. Tuesday™s settlement at $1,337.10 was the highest since early in September. Gold last week tallied a fifth week of consecutive gains, the longest such stretch since April. Month to date, the metal has climbed roughly 2%. The exchange-traded SPDR Gold Shares and the VanEck Vectors Gold Miners ETF both slipped in...

Gold Declines as Stocks Rally; Govt Shutdown Risk Ebbs

Gold drops for third day as U.S. equities continue to shine amid optimism for global growth, while the threat of U.S. government shutdown abates, removing some risk from markets. Bullion for immediate delivery -0.1% to $1,324.97/oz by 9:48am in Singapore, according to Bloomberg generic pricing. Metal -1% in last two days after touching four-month high on Monday. In other precious metals, Silver -0.1% to $16.9815/oz. Source : Bloomberg

Oil prices pare losses as EIA reports a 6.9 million-barrel drop in U.S. crude supplies

Oil prices pared their earlier declines Thursday after the U.S. Energy Information Administration reported that domestic crude supplies dropped 6.9 million barrels for the week ended Jan. 12. Analysts surveyed by S&P Global Platts had forecast a fall of 425,000 barrels, while the American Petroleum Institute on Wednesday reported a drop of 5.1 million barrels. Gasoline stockpiles climbed by 3.6 million barrels for the week, while distillate stockpiles declined by 3.9 million barrels,...

Nikkei Drops; Mining, Oil and Shipping Stocks Lose Ground, Bitcoin Shares Tumble

Japan™s Nikkei share average dropped on Wednesday morning as mining, oil and shipping stocks lost ground, while Bitcoin-related stocks tumbled after the cryptocurrency™s value slid on worries about tighter regulations. The Nikkei dropped 0.5 percent to 23,823.95 in midmorning trade. The broader Topix dropped 0.2 percent to 1,890.88. The mining, oil and shipping sectors underperformed, losing their recent strength by falling 2.2 percent, 1.9 percent and 1.4 percent, respectively. Inpex...

Investors Remain Wary in Wake of Saudi Crackdown
Tuesday, 14 November 2017 13:15 WIB | GLOBAL |Global

A week after an unprecedented crackdown on some of Saudi Arabia™s wealthiest princes and businessmen, foreign governments and investors are still trying to answer basic questions about a round-up Saudi authorities describe as an anti-corruption drive spearheaded by the Gulf kingdom™s crown prince.

Is 32-year-old Mohammad bin Salman set on a power grab to ensure his succession will be untroubled when his ailing father dies? Or is he what he says he is, a reformer determined to modernize a kingdom infamous for a sclerotic system of governance that™s weighed down by the demands of different branches of the extended royal family?

Rumors abound in the Saudi capital that the purge is not yet finished and more arrests in the coming days are being predicted by Saudi-based foreign diplomats, who remain stunned by the scale of the crackdown.

Young middle-class Saudis, long frustrated by graft and the hidebound ways of the kingdom, are applauding the crown prince™s purge, but foreign investors are cautious, fearing Mohammad bin Salman may have bitten off more than he can chew.

Long viewed as a stable place to do business, the latest purge saw an estimated 500 people arrested, including the country™s richest man, Prince Waleed bin Talal, the billionaire businessman who co-owns the Four Seasons hotel chain and until recently was a major investor in Rupert Murdoch™s worldwide media empire. He was arrested at his luxury desert camp.

Source : VOA

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POPULAR NEWS
Gold back at 4-month high, gaining for 5th day

Gold futures notched a fifth session gain and another four-month high on Wednesday, with the dollar-denominated yellow metal getting a boost as the U.S. dollar failed to see much of a bounce back from recent lows. Prices for the yellow metal eased back a bit from the settlement shortly after the release of the Federal Reserve™s Beige Book. February gold rose $2.10, or nearly 0.2%, to settle at $1,339.20 an ounce”the highest since Sept. 8. Gold last week tallied a fifth week of...

Gold Pulls Back From 4-Month Highs as Dollar Steadies

Gold futures pulled back on Wednesday from their highest finish in four months, as a bruised U.S. dollar index stabilized. February gold fell $1.40, or 0.1%, at $1,335.60 an ounce. Tuesday™s settlement at $1,337.10 was the highest since early in September. Gold last week tallied a fifth week of consecutive gains, the longest such stretch since April. Month to date, the metal has climbed roughly 2%. The exchange-traded SPDR Gold Shares and the VanEck Vectors Gold Miners ETF both slipped in...

Gold Declines as Stocks Rally; Govt Shutdown Risk Ebbs

Gold drops for third day as U.S. equities continue to shine amid optimism for global growth, while the threat of U.S. government shutdown abates, removing some risk from markets. Bullion for immediate delivery -0.1% to $1,324.97/oz by 9:48am in Singapore, according to Bloomberg generic pricing. Metal -1% in last two days after touching four-month high on Monday. In other precious metals, Silver -0.1% to $16.9815/oz. Source : Bloomberg

Oil prices pare losses as EIA reports a 6.9 million-barrel drop in U.S. crude supplies

Oil prices pared their earlier declines Thursday after the U.S. Energy Information Administration reported that domestic crude supplies dropped 6.9 million barrels for the week ended Jan. 12. Analysts surveyed by S&P Global Platts had forecast a fall of 425,000 barrels, while the American Petroleum Institute on Wednesday reported a drop of 5.1 million barrels. Gasoline stockpiles climbed by 3.6 million barrels for the week, while distillate stockpiles declined by 3.9 million barrels,...

Nikkei Drops; Mining, Oil and Shipping Stocks Lose Ground, Bitcoin Shares Tumble

Japan™s Nikkei share average dropped on Wednesday morning as mining, oil and shipping stocks lost ground, while Bitcoin-related stocks tumbled after the cryptocurrency™s value slid on worries about tighter regulations. The Nikkei dropped 0.5 percent to 23,823.95 in midmorning trade. The broader Topix dropped 0.2 percent to 1,890.88. The mining, oil and shipping sectors underperformed, losing their recent strength by falling 2.2 percent, 1.9 percent and 1.4 percent, respectively. Inpex...

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