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POPULAR NEWS
Gold Pulls Back From 2-Week High as $1,300 Mark Proves Elusive

Gold futures pulled back on Thursday from the nearly two-week high they settled at a day earlier, as the psychologically important $1,300 line remained elusive for another session. Gold for February delivery edged down by $1.50, or 0.1%, to settle at $1,292.30 an ounce. It settled Wednesday at an almost two-week high of $1,293.80, on the back of political turmoil in the U.K. and U.S. March silver also fell 10.2 cents, or 0.7%, to $15.536 an ounce on Thursday. Source : Marketwatch

Gold slips from 2-week high as $1,300 proves to be a near-term barrier

Gold futures prices slipped from two-week highs on Thursday, as the psychologically important $1,300 line remained elusive for another session. Moderate stock strength kept the precious metal in check, although a weaker dollar propped up gold. Gold settled Wednesday at its highest in nearly two weeks, at $1,293.80, on the back of political turmoil in the U.K. and U.S. Early Thursday, gold for February delivery was off 10 cents, or less than 0.1%, at $1,293.70 an ounce, while March silver...

Gold Holds Drop as Investors Weigh Trade Developments

Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted equities in Asia Friday and Treasury yields overnight. Palladium traded above $1,400 an ounce. Still, overall sentiment is positive for the precious metal. Gold traders and analysts in a weekly Bloomberg survey remained bullish for a 10th week. Peter Grosskopf, chief executive officer of Sprott Inc., said a shift in Federal Reserve policy will stoke investor interest, with the...

Gold Retreats on Stronger Dollar

Gold retreated from the highest close in almost two weeks as the dollar strengthened and investors weighed renewed Brexit turmoil with the latest developments in the partial shutdown of the U.S. government.  Spot gold edged 0.1 percent down to $1,292.72/oz at 8:08am in London; gained 0.3% on Wednesday to the highest close since Jan. 3. Bloomberg Dollar Spot Index strengthened 0.1 percent after added 0.1% on Wednesday and rose 0.3 percent on Tuesday. British Prime...

Gold Holds Drop as Investors Weigh Trade Developments

Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted U.S. equities and Treasury yields overnight. Palladium traded above $1,400 an ounce. Trump administration officials are considering measures to roll back tariffs on Chinese products in order to calm financial markets, the Wall Street Journal reported. While the Treasury denied that reporting, the story reinforced previous signs the administration is more eager for a deal to help support...

Saudi Arabia to Set Up $10B Oil Refinery in Pakistan
Monday, 14 January 2019 10:35 WIB | GLOBAL |Global

Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan's deepwater port of Gwadar, the Saudi energy minister said Saturday, speaking at the Indian Ocean port that is being developed with the help of China.

Pakistan wants to attract investment and other financial support to tackle a soaring current account deficit caused partly by rising oil prices. Last year, Saudi Arabia offered Pakistan a $6 billion package that included help to finance crude imports.

œSaudi Arabia wants to make Pakistan's economic development stable through establishing an oil refinery and partnership with Pakistan in the China Pakistan Economic Corridor," Saudi Energy Minister Khalid al-Falih told reporters in Gwadar.

He said Crown Prince Mohammad bin Salman would visit Pakistan in February to sign the agreement. The minister added that Saudi Arabia would also invest in other sectors.

Beijing has pledged $60 billion as part of the China Pakistan Economic Corridor (CPEC) that involves building power stations, major highways, new and upgraded railways and higher capacity ports, to help turn Pakistan into a major overland route linking western China to the world.

"With setting up of an oil refinery in Gwadar, Saudi Arabia will become an important partner in CPEC," Pakistan Petroleum Minister Ghulam Sarwar Khan said.

The Saudi news agency SPA earlier reported that Falih met Pakistan's petroleum minister and Maritime Affairs Minister Ali Zaidi in Gwadar to discuss cooperation in refining, petrochemicals, mining and renewable energy.

It said Falih would finalize arrangements ahead of signing memorandums of understanding.

Source : VOA

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POPULAR NEWS
Gold Pulls Back From 2-Week High as $1,300 Mark Proves Elusive

Gold futures pulled back on Thursday from the nearly two-week high they settled at a day earlier, as the psychologically important $1,300 line remained elusive for another session. Gold for February delivery edged down by $1.50, or 0.1%, to settle at $1,292.30 an ounce. It settled Wednesday at an almost two-week high of $1,293.80, on the back of political turmoil in the U.K. and U.S. March silver also fell 10.2 cents, or 0.7%, to $15.536 an ounce on Thursday. Source : Marketwatch

Gold slips from 2-week high as $1,300 proves to be a near-term barrier

Gold futures prices slipped from two-week highs on Thursday, as the psychologically important $1,300 line remained elusive for another session. Moderate stock strength kept the precious metal in check, although a weaker dollar propped up gold. Gold settled Wednesday at its highest in nearly two weeks, at $1,293.80, on the back of political turmoil in the U.K. and U.S. Early Thursday, gold for February delivery was off 10 cents, or less than 0.1%, at $1,293.70 an ounce, while March silver...

Gold Holds Drop as Investors Weigh Trade Developments

Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted equities in Asia Friday and Treasury yields overnight. Palladium traded above $1,400 an ounce. Still, overall sentiment is positive for the precious metal. Gold traders and analysts in a weekly Bloomberg survey remained bullish for a 10th week. Peter Grosskopf, chief executive officer of Sprott Inc., said a shift in Federal Reserve policy will stoke investor interest, with the...

Gold Retreats on Stronger Dollar

Gold retreated from the highest close in almost two weeks as the dollar strengthened and investors weighed renewed Brexit turmoil with the latest developments in the partial shutdown of the U.S. government.  Spot gold edged 0.1 percent down to $1,292.72/oz at 8:08am in London; gained 0.3% on Wednesday to the highest close since Jan. 3. Bloomberg Dollar Spot Index strengthened 0.1 percent after added 0.1% on Wednesday and rose 0.3 percent on Tuesday. British Prime...

Gold Holds Drop as Investors Weigh Trade Developments

Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted U.S. equities and Treasury yields overnight. Palladium traded above $1,400 an ounce. Trump administration officials are considering measures to roll back tariffs on Chinese products in order to calm financial markets, the Wall Street Journal reported. While the Treasury denied that reporting, the story reinforced previous signs the administration is more eager for a deal to help support...

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