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POPULAR NEWS
Gold Futures Fall to 2-Week Low as Haven Demand Wanes

Gold declines to a 2-week low as demand for a haven eased amid cooling geopolitical tensions and a rally in the dollar. Bullion futures for delivery in June fell 1.1% to settle at $1,324/oz at 1:30pm on Comex in New York, its third consecutive decline. It touched $1,323.80, lowest since Apr. 6. Bloomberg Dollar Spot Index climbs to highest since Jan. 18.  œThe sell-off in gold is mainly due to the strength in the dollar index,Naeem Aslam, chief market analyst at...

Gold futures settle higher for first time in four sessions

Gold settled higher Tuesday, for the first time in four sessions, finding support as a steep decline in a benchmark U.S stock index drove haven demand for the precious metal. June gold climbed by $9, or 0.7%, to settle at $1,333 an ounce. Source: Marketwatch

Gold On The Defensive - Peter Hug

On holiday last week, I am missing the nuance of the past few trading days. We suggested that the technical picture was looking positive with the caveat that $1,355 on a close basis was necessary to create further upside momentum. Looking at last week's charts, traders were unable to push gold through this level. The weakness overnight was generated from two factors. The first was North Korea's statement that it was prepared to suspend its nuclear program. This may prove to be a ploy to get...

Dollar remains lower as 10-year Treasury yield hits 3%

The U.S. dollar on Tuesday weakened slightly against its major rivals, but remained near three-month highs, as the 10-year Treasury yield hit the psychologically important 3% level for the first time since 2014. Rising government bond yields have been a driver for the greenback over the last several sessions, though the correlation was nowhere to be found in Tuesday™s session. The ICE U.S. Dollar Index which gauges the buck against a basket of six currencies, was down 0.2% at 90.736. A...

Oil Holds Decline as Iran Deal Proposal Eases Sanctions Concern

Oil held losses near $68 a barrel after French PresidentEmmanuel Macron proposed negotiating a new deal with Iran to contain its nuclear program in a bid to keep the U.S. on board. Futures in New York were little changed Wednesday after dropping 1.4 percent on Tuesday. Macron said during a trip to Washington he wants a new Iran agreement that would curb the Mideast nation™s ballistic missile development and halt its nuclear program. U.S. President Donald Trump earlier...

Six Quakes in One Hour Hit Iran-Iraq Border
Friday, 12 January 2018 04:10 WIB | GLOBAL |Global

A series of six earthquakes with a magnitude of at least 5 hit along the Iran-Iraq border and rattled even Baghdad and parts of the Iraqi countryside Thursday, striking in the same area that saw a temblor in November that killed more than 530 people. There were no immediate reports of injuries or damage.

The U.S. Geological Survey said five of the quakes struck near the Iraqi city of Mandali, followed by one that struck near Mehran in western Iran. All struck within an hour of each other beginning at 0659 GMT.

Iranian state television said people rushed into the streets as the temblors hit. In Baghdad, people felt a quake shake the Iraqi capital, followed by what felt like aftershocks.

All the earthquakes struck at a depth of 10 kilometers (6 miles), according to the USGS. Earthquakes at magnitude 5 can cause considerable damage. The temblors also all were very shallow, which causes more ground shaking and potential damage, particularly in places without strict building codes.

Iranian authorities offered similar figures for the earthquakes on state television. All the information was preliminary and could change as scientists examine the data.

In November, a 7.2 magnitude earthquake struck the same region, killing more than 530 people and injuring thousands in Iran alone. In Iraq, nine people were killed and 550 were injured, all in the country's northern Kurdish region, according to the United Nations.

Iran sits on major fault lines and is prone to near-daily earthquakes. In 2003, a 6.6 magnitude quake flattened the historic city of Bam, killing 26,000 people.

Source : VOA

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POPULAR NEWS
Gold Futures Fall to 2-Week Low as Haven Demand Wanes

Gold declines to a 2-week low as demand for a haven eased amid cooling geopolitical tensions and a rally in the dollar. Bullion futures for delivery in June fell 1.1% to settle at $1,324/oz at 1:30pm on Comex in New York, its third consecutive decline. It touched $1,323.80, lowest since Apr. 6. Bloomberg Dollar Spot Index climbs to highest since Jan. 18.  œThe sell-off in gold is mainly due to the strength in the dollar index,Naeem Aslam, chief market analyst at...

Gold futures settle higher for first time in four sessions

Gold settled higher Tuesday, for the first time in four sessions, finding support as a steep decline in a benchmark U.S stock index drove haven demand for the precious metal. June gold climbed by $9, or 0.7%, to settle at $1,333 an ounce. Source: Marketwatch

Gold On The Defensive - Peter Hug

On holiday last week, I am missing the nuance of the past few trading days. We suggested that the technical picture was looking positive with the caveat that $1,355 on a close basis was necessary to create further upside momentum. Looking at last week's charts, traders were unable to push gold through this level. The weakness overnight was generated from two factors. The first was North Korea's statement that it was prepared to suspend its nuclear program. This may prove to be a ploy to get...

Dollar remains lower as 10-year Treasury yield hits 3%

The U.S. dollar on Tuesday weakened slightly against its major rivals, but remained near three-month highs, as the 10-year Treasury yield hit the psychologically important 3% level for the first time since 2014. Rising government bond yields have been a driver for the greenback over the last several sessions, though the correlation was nowhere to be found in Tuesday™s session. The ICE U.S. Dollar Index which gauges the buck against a basket of six currencies, was down 0.2% at 90.736. A...

Oil Holds Decline as Iran Deal Proposal Eases Sanctions Concern

Oil held losses near $68 a barrel after French PresidentEmmanuel Macron proposed negotiating a new deal with Iran to contain its nuclear program in a bid to keep the U.S. on board. Futures in New York were little changed Wednesday after dropping 1.4 percent on Tuesday. Macron said during a trip to Washington he wants a new Iran agreement that would curb the Mideast nation™s ballistic missile development and halt its nuclear program. U.S. President Donald Trump earlier...

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