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POPULAR NEWS
Gold extends loss to a third session as dollar strengthens to 1 1/2-year high

Gold prices on Monday settled lower for a third straight session as a popular gauge of the dollar strengthened to its highest level in more than 17 months, weighing on demand for the precious metal. December gold lost $5.10, or 0.4%, to settle at $1,203.50 an ounce, after posting a drop of 2% last week, falling nearly 1.4% on Friday alone. Monday marked the lowest finish for a most-active contract since Oct. 10, according to FactSet data. Prices for the metal have now posted declines in six...

Gold Holds Near One-Month Low as Inflation in Focus

Gold held near the lowest in a month as investors awaited data on inflation later this week for signs that the Federal Reserve has a case for raising interest rates further. A Labor Department report on Friday showed producer prices in the U.S. rose the most since 2012 on broad gains in costs for goods and services. Consumer inflation probably rebounded in October after easing in September, according to analyst estimates before data due Wednesday. At its meeting last...

Oil Pares Bear Market Collapse on Prospect of OPEC Curbs in 2019

Oil rose for the first time in 11 sessions on the possibility that OPEC and its allies will cut output next year and after Saudi Arabia said it will reduce sales in December. While futures in New York climbed as much as 1.3 percent on Monday, they are still down about 20 percent from a 2014-high reached early last month. Top OPEC member Saudi Arabia said exports will be curbed by 500,000 barrels a day in December, and a committee of the Organization of Petroleum Exporting...

Gold Holds Near One-Month Low as Inflation in Focus

Gold held near the lowest in a month as investors awaited data on inflation later this week for signs that the Federal Reserve has a case for raising interest rates further. A Labor Department report on Friday showed producer prices in the U.S. rose the most since 2012 on broad gains in costs for goods and services. Consumer inflation probably rebounded in October after easing in September, according to analyst estimates before data due Wednesday. At its meeting last...

Tokyo Stocks Open Lower on Monday

Tokyo stocks opened lower on Monday tracking falls on Wall Street last week amid lingering worries over global economic growth. The Nikkei 225 index was down 0.55 percent, or 121.75 points, at 22,128.50 in early trade, while the broader Topix index was down 0.50 percent, or 8.30 points, at 1,664.68. Source : AFP

Democrats Retake House, Creating Divided Congress
Wednesday, 7 November 2018 18:49 WIB | GLOBAL |

Democrats have retaken the House of Representatives while Republicans preserve control of the Senate, according to media projections of midterm voting Tuesday, creating a divided Congress that will put up roadblocks to President Donald Trump's legislative agenda in the coming two years.

The result, which was expected, also serves as at least a partial rebuke of Trump, who had held numerous rallies across the country in support of Republican candidates and repeatedly insisted the election was essentially a referendum on his presidency.

œToday is more about Democrats and Republicans, it™s about restoring constitutional checks and balances to the Trump administration, said Democratic leader Nancy Pelosi of California in a victory speech at Democratic party headquarters in Washington.

With control of the House for the first time in eight years, Democrats can do more than just obstruct Trump's legislative priorities. They will also be able to go on the attack, taking leadership of crucial House committees that have strong investigatory powers. Some Democrats have suggested they will demand to see the president's tax returns and investigate his personal finances and business interests, as well as his 2016 presidential election campaign's ties to Russia.

VOA news

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POPULAR NEWS
Gold extends loss to a third session as dollar strengthens to 1 1/2-year high

Gold prices on Monday settled lower for a third straight session as a popular gauge of the dollar strengthened to its highest level in more than 17 months, weighing on demand for the precious metal. December gold lost $5.10, or 0.4%, to settle at $1,203.50 an ounce, after posting a drop of 2% last week, falling nearly 1.4% on Friday alone. Monday marked the lowest finish for a most-active contract since Oct. 10, according to FactSet data. Prices for the metal have now posted declines in six...

Gold Holds Near One-Month Low as Inflation in Focus

Gold held near the lowest in a month as investors awaited data on inflation later this week for signs that the Federal Reserve has a case for raising interest rates further. A Labor Department report on Friday showed producer prices in the U.S. rose the most since 2012 on broad gains in costs for goods and services. Consumer inflation probably rebounded in October after easing in September, according to analyst estimates before data due Wednesday. At its meeting last...

Oil Pares Bear Market Collapse on Prospect of OPEC Curbs in 2019

Oil rose for the first time in 11 sessions on the possibility that OPEC and its allies will cut output next year and after Saudi Arabia said it will reduce sales in December. While futures in New York climbed as much as 1.3 percent on Monday, they are still down about 20 percent from a 2014-high reached early last month. Top OPEC member Saudi Arabia said exports will be curbed by 500,000 barrels a day in December, and a committee of the Organization of Petroleum Exporting...

Gold Holds Near One-Month Low as Inflation in Focus

Gold held near the lowest in a month as investors awaited data on inflation later this week for signs that the Federal Reserve has a case for raising interest rates further. A Labor Department report on Friday showed producer prices in the U.S. rose the most since 2012 on broad gains in costs for goods and services. Consumer inflation probably rebounded in October after easing in September, according to analyst estimates before data due Wednesday. At its meeting last...

Tokyo Stocks Open Lower on Monday

Tokyo stocks opened lower on Monday tracking falls on Wall Street last week amid lingering worries over global economic growth. The Nikkei 225 index was down 0.55 percent, or 121.75 points, at 22,128.50 in early trade, while the broader Topix index was down 0.50 percent, or 8.30 points, at 1,664.68. Source : AFP

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