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POPULAR NEWS
Gold futures finish lower for a second straight session

Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a return of aggressive investment buying," said analysts at Zaner Metals, in a daily note. "The trade could be fearful about the potential for a sustained setback in Chinese physical gold...

Gold futures give up earlier gains to log a third straight session decline

Gold futures gave up earlier gains on Thursday to finish lower for a third straight session. "Gold prices are always sensitive to the outlook for interest rates, but it's rarely been more strongly correlated against bond yields than it is right now," said Adrian Ash, director of research at BullionVault. "So while the plunge in the stock market should keep driving gold higher, any pullback in these surging bond prices is also going to hit gold short-term," he said. Bond prices move in the...

Gold Climbs as Trump Comments Fail to Ease Virus Fears

Gold rose for the seventh time in eight days as investors continued to weigh the impact of the coronavirus outbreak, with comments by the Trump administration failing to allay concerns about the disease. More cases were reported in countries other than China in the past 24 hours for the first time, the World Health Organization said, with new infections in nations from Pakistan to Brazil. President Donald Trump assured Americans that they face little risk, although...

Gold Gains on Virus Spread, Rate Cut Hopes

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries. Spot gold rose 0.6% to $1,648.63 per ounce. Prices jumped more than 1% in intraday trade on Wednesday before closing 0.3% higher. U.S. gold futures were up 0.5% at $1,650.50. Governments ramped up measures on Thursday to battle the coronavirus as...

Oil futures settle at lowest in over a year

Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session. April West Texas Intermediate oil fell $1.17, or 2.3%, to settle at $48.73 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data. Source : MarketWatch

Scientist Who Popularized Term 'Global Warming' Dies at 87
Friday, 22 February 2019 01:48 WIB | GLOBAL |Global

A scientist who raised early alarms about climate change and popularized the term "global warming" has died. Wallace Smith Broecker was 87.

The longtime Columbia University professor and researcher died Monday at a New York City hospital, according to a spokesman for the university's Lamont-Doherty Earth Observatory.

Kevin Krajick said Broecker had been ailing in recent months.

Broecker brought "global warming" into common use with a 1975 article that correctly predicted rising carbon dioxide levels in the atmosphere would lead to pronounced warming. He later became the first person to recognize what he called the Ocean Conveyor Belt, a global network of currents affecting everything from air temperature to rain patterns.

"Wally was unique, brilliant and combative," said Princeton University professor Michael Oppenheimer. "He wasn't fooled by the cooling of the 1970s. He saw clearly the unprecedented warming now playing out and made his views clear, even when few were willing to listen."

In the Ocean Conveyor Belt, cold, salty water in the North Atlantic sinks, working like a plunger to drive an ocean current from near North America to Europe. Warm surface waters borne by this current help keep Europe's climate mild.

Otherwise, he said, Europe would be a deep freeze, with average winter temperatures dropping by 20 degrees Fahrenheit or more and London feeling more like Spitsbergen, Norway, which is 600 miles north of the Arctic Circle.

n 1984, Broecker told a House subcommittee that the buildup of greenhouse gases warranted a "bold, new national effort aimed at understanding the operation of the realms of the atmosphere, oceans, ice and terrestrial biosphere."

"We live in a climate system that can jump abruptly from one state to another," Broecker told the Associated Press in 1997. By dumping into the atmosphere huge amounts of greenhouse gases, such as carbon dioxide from the burning of fossil fuels, "we are conducting an experiment that could have devastating effects."

"We're playing with an angry beast ” a climate system that has been shown to be very sensitive," he said.

Broecker received the National Medal of Science in 1996 and was a member of the National Academy of Science. He also served a stint as the research coordinator for Biosphere 2, an experimental living environment turned research lab.

Broecker was born in Chicago in 1931 and grew up in suburban Oak Park.

He joined Columbia's faculty in 1959, spending most of his time at the university's laboratory in Palisades, New York. He was known in science circles as the "Grandfather of Climate Science" and the "Dean of Climate Scientists."

"His discoveries were fundamental to interpreting Earth's climate history," said Oppenheimer.

"No scientist was more stimulating to engage with: he was an instigator in a good way, willing to press unpopular ideas, like lofting particles to offset climate change. But it was always a two-way conversation, never dull, always educational. I'll miss him."

Source : VOA

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POPULAR NEWS
Gold futures finish lower for a second straight session

Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a return of aggressive investment buying," said analysts at Zaner Metals, in a daily note. "The trade could be fearful about the potential for a sustained setback in Chinese physical gold...

Gold futures give up earlier gains to log a third straight session decline

Gold futures gave up earlier gains on Thursday to finish lower for a third straight session. "Gold prices are always sensitive to the outlook for interest rates, but it's rarely been more strongly correlated against bond yields than it is right now," said Adrian Ash, director of research at BullionVault. "So while the plunge in the stock market should keep driving gold higher, any pullback in these surging bond prices is also going to hit gold short-term," he said. Bond prices move in the...

Gold Climbs as Trump Comments Fail to Ease Virus Fears

Gold rose for the seventh time in eight days as investors continued to weigh the impact of the coronavirus outbreak, with comments by the Trump administration failing to allay concerns about the disease. More cases were reported in countries other than China in the past 24 hours for the first time, the World Health Organization said, with new infections in nations from Pakistan to Brazil. President Donald Trump assured Americans that they face little risk, although...

Gold Gains on Virus Spread, Rate Cut Hopes

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries. Spot gold rose 0.6% to $1,648.63 per ounce. Prices jumped more than 1% in intraday trade on Wednesday before closing 0.3% higher. U.S. gold futures were up 0.5% at $1,650.50. Governments ramped up measures on Thursday to battle the coronavirus as...

Oil futures settle at lowest in over a year

Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session. April West Texas Intermediate oil fell $1.17, or 2.3%, to settle at $48.73 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data. Source : MarketWatch

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