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POPULAR NEWS
Gold Prices Pare Losses, But Still End at a 1-Year Low

Gold futures gave up much of their declines Thursday, but still finished at their lowest in about a year. President Donald Trump voiced his disagreement with the Federal Reserve's plan for gradual increases in interest rates, prompting a decline in the benchmark dollar index which, in turn, helped to lift gold off the lows of the session. August gold settled at $1,224 an ounce, down $3.90, or 0.3%, for the session. The settlement marked gold's entry into correction territory - down more than...

Dollar on defensive against yen, euro after Trump comments

The dollar was on the defensive against the yen and euro early Friday after U.S. President Donald Trump expressed concern about the currency's strength and the Federal Reserve's interest rate increases. Trump said in an interview with CNBC on Thursday that a strong dollar puts the United States at a disadvantage, adding that the Chinese yuan œwas dropping like a rock. A strong currency tends to make a country™s exports more expensive. Trump also showed displeasure about the Fed™s...

Gold Heads for Weekly Decline as Rate Outlook in Focus

Gold drops to trade near lowest in a year as investors weigh Federal Reserve Chairman Jerome Powell's comments on interest rate outlook, as well as President Donald Trump's intervention that he's 'not thrilled' at Fed's tightening trajectory. Bullion for immediate delivery slipped 0.5% at $1,216.78/oz at 9:47am in Singapore, after hitting $1,211.63 on Thursday, lowest since July 2017: Bloomberg generic pricing. That metal lost 2.2% this week to head for fifth weekly...

Gold tumbles, poised for lowest close in more than year as dollar, rates rise

Gold prices early Thursday extended a downdraft that has pushed the metal toward its lowest close in more than a year, in an atmosphere of rising benchmark rates for U.S. government debt and the continuation of a U.S. dollar rally. August gold traded $12, or 1%, lower at $1,215.90 an ounce early Thursday. Other metals also showed signs of faltering, September silver tumbled by 32 cents, or 2.1%, to $15.260 an ounce, on track for its lowest close since early 2016. Source: Marketwatch

Gold at Lowest in a Year as Dollar Emboldens Bears

Gold trades at lowest in a year as Federal Reserve Chairman Jerome Powell™s comments on U.S. employment and inflation help to sustain expectations for another interest-rate increase in September. Bullion for immediate delivery -0.8% to $1,217.37/oz at 10:58 am in London Bloomberg Dollar Spot Index +0.4% after +0.5% past 2 days In other precious metals: Silver -1.7% to $15.2994/oz, also at lowest level this July last year. Platinum -1.6% to $805.49/oz;...

N. Korea Escalates Threat to Pull Out of Summit with US
Thursday, 17 May 2018 01:31 WIB | GLOBAL |Global

North Korea™s sudden threat to pull out of the upcoming summit with the U.S. raises new doubts of whether a denuclearization deal is possible.

North Korean leader Kim Jong Un agreed to meet with U.S President Donald Trump in Singapore on June 12 to work out an agreement to end the North™s nuclear program in exchange for security guarantees and an end to punishing international sanctions.

But on Wednesday North Korea™s Vice Foreign Minister Kim Kye Kwan released a statement through the state-run KCNA news agency that criticized œunbridled remarks made specifically by the U.S. president™s National Security Adviser John Bolton demanding that Pyongyang completely decommission its entire nuclear arsenal, along with its ballistic missile program and chemical weapons stockpile, before receiving any compensation or concessions.

He expressed œindignation at the U.S uncompromising position and said North Korea might pull out of the Trump-Kim summit, unless the Trump administration acts with œsincerity to improve relations through dialogue.

œIf the United States is trying to drive us into a corner to force our unilateral nuclear abandonment, we will no longer be interested in such dialogue and cannot but reconsider our proceeding to the North Korea-U.S. summit, the statement said.

The vice foreign minister also said it was œabsolutely absurd that Bolton would compare Libya™s experience dismantling its relatively rudimentary nuclear program as a model for dealing with the North™s more advanced and expansive capabilities.

‹The vice minister™s remarks came shortly after the North abruptly canceled inter-Korean talks planned for Wednesday, citing ongoing joint military drills between South Korea and the U.S.

Source : VOA

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POPULAR NEWS
Gold Prices Pare Losses, But Still End at a 1-Year Low

Gold futures gave up much of their declines Thursday, but still finished at their lowest in about a year. President Donald Trump voiced his disagreement with the Federal Reserve's plan for gradual increases in interest rates, prompting a decline in the benchmark dollar index which, in turn, helped to lift gold off the lows of the session. August gold settled at $1,224 an ounce, down $3.90, or 0.3%, for the session. The settlement marked gold's entry into correction territory - down more than...

Dollar on defensive against yen, euro after Trump comments

The dollar was on the defensive against the yen and euro early Friday after U.S. President Donald Trump expressed concern about the currency's strength and the Federal Reserve's interest rate increases. Trump said in an interview with CNBC on Thursday that a strong dollar puts the United States at a disadvantage, adding that the Chinese yuan œwas dropping like a rock. A strong currency tends to make a country™s exports more expensive. Trump also showed displeasure about the Fed™s...

Gold Heads for Weekly Decline as Rate Outlook in Focus

Gold drops to trade near lowest in a year as investors weigh Federal Reserve Chairman Jerome Powell's comments on interest rate outlook, as well as President Donald Trump's intervention that he's 'not thrilled' at Fed's tightening trajectory. Bullion for immediate delivery slipped 0.5% at $1,216.78/oz at 9:47am in Singapore, after hitting $1,211.63 on Thursday, lowest since July 2017: Bloomberg generic pricing. That metal lost 2.2% this week to head for fifth weekly...

Gold tumbles, poised for lowest close in more than year as dollar, rates rise

Gold prices early Thursday extended a downdraft that has pushed the metal toward its lowest close in more than a year, in an atmosphere of rising benchmark rates for U.S. government debt and the continuation of a U.S. dollar rally. August gold traded $12, or 1%, lower at $1,215.90 an ounce early Thursday. Other metals also showed signs of faltering, September silver tumbled by 32 cents, or 2.1%, to $15.260 an ounce, on track for its lowest close since early 2016. Source: Marketwatch

Gold at Lowest in a Year as Dollar Emboldens Bears

Gold trades at lowest in a year as Federal Reserve Chairman Jerome Powell™s comments on U.S. employment and inflation help to sustain expectations for another interest-rate increase in September. Bullion for immediate delivery -0.8% to $1,217.37/oz at 10:58 am in London Bloomberg Dollar Spot Index +0.4% after +0.5% past 2 days In other precious metals: Silver -1.7% to $15.2994/oz, also at lowest level this July last year. Platinum -1.6% to $805.49/oz;...

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