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POPULAR NEWS
Gold Prices Settle at a More Than 6-Year High

Gold futures climbed Wednesday to settle at their highest since May 2013, finding support from weakness in the dollar and expectations that the Federal Reserve will cut key interest rates later this month. "The dollar has eased back a little...allowing buck-denominated gold and silver to break further higher," said Fawad Razaqzada, technical analyst at Forex.com. "As well as a weaker dollar, these precious metals have found support from safe haven flows amid weakness on Wall Street, where...

Oil Prices End Lower as U.S. Crude Supplies Fall Less Than Expected And Product Stocks Climb

Oil futures ended with a loss on Wednesday, with U.S. prices at their lowest in about two weeks, as U.S. crude supplies posted a smaller-than-expected weekly decline and stockpiles of gasoline and distillates saw sizable gains. August West Texas Intermediate oil lost 84 cents, or 1.5%, to settle at $56.78 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since July 2, according to FactSet data. Source : Marketwatch

Dollar Held Back by Lower U.S. Yields, Rebound in Pound

The dollar nursed light losses on Thursday, weighed down by lower U.S. yields and a rebound in the pound from 27-month lows. The dollar index versus a basket of six major currencies was flat at 97.200 after shedding 0.2% the previous day. The index had climbed to a one-week peak of 97.444 the previous day on stronger-than-expected U.S. retail sales and a slump in sterling. But it nudged lower as Treasury yields fell in the wake of weak U.S. housing market data and concerns about the...

Oil Holds Near Lows on Trump Trade Barbs, Easing Iran Tensions

Oil held near its lows after President Donald Trump™s threat of new tariffs on China rekindled fears about global demand, while signs of a thawing in U.S.-Iran tensions eased concerns about the threat to shipping lanes in the Middle East. Futures in New York were steady, after dropping 3.3% on Tuesday. Trump reiterated his warnings about additional tariffs at a cabinet meeting Tuesday, after promising to hold off on more duties in a trade-war truce he reached with...

Gold Holds Drop as U.S. Data Counter Powell Speech

Gold held a decline as better-than-projected U.S. data raised doubts over the Federal Reserve™s monetary policy path after an expected interest rate cut at the end of this month. U.S. retail sales and factory output in June exceeded expectations and underscored steady economic growth. Fed Chairman Jerome Powell saidTuesday the central bank is œcarefully monitoring downside risks to U.S. growth and œwill act as appropriate to sustain the expansion, echoing his...

US Wants Swift End to Istanbul Consulate Staff Trial
Thursday, 16 May 2019 09:30 WIB | GLOBAL |Global

A U.S official has called for the trial of a Turkish employee of the U.S. Consulate on espionage charges to be resolved ``swiftly, transparently and fairly.''

The trial was adjourned Wednesday until June 28.

Metin Topuz, a translator and assistant for the U.S. Drug Enforcement Agency, has been jailed on charges of espionage and attempting to overthrow the Turkish government. His case is one of several issues that have strained ties between the NATO allies.

Topuz is accused of links to U.S.-based Turkish cleric Fethullah Gulen, who the Turkish government blames for the 2016 coup attempt. Topuz, who faces a life sentence if convicted, denies the charges.

U.S. charge d'affaires Jeffrey Hovenier told reporters there was "no credible evidence of any criminal wrongdoing" against Topuz.

Source : VOA

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POPULAR NEWS
Gold Prices Settle at a More Than 6-Year High

Gold futures climbed Wednesday to settle at their highest since May 2013, finding support from weakness in the dollar and expectations that the Federal Reserve will cut key interest rates later this month. "The dollar has eased back a little...allowing buck-denominated gold and silver to break further higher," said Fawad Razaqzada, technical analyst at Forex.com. "As well as a weaker dollar, these precious metals have found support from safe haven flows amid weakness on Wall Street, where...

Oil Prices End Lower as U.S. Crude Supplies Fall Less Than Expected And Product Stocks Climb

Oil futures ended with a loss on Wednesday, with U.S. prices at their lowest in about two weeks, as U.S. crude supplies posted a smaller-than-expected weekly decline and stockpiles of gasoline and distillates saw sizable gains. August West Texas Intermediate oil lost 84 cents, or 1.5%, to settle at $56.78 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since July 2, according to FactSet data. Source : Marketwatch

Dollar Held Back by Lower U.S. Yields, Rebound in Pound

The dollar nursed light losses on Thursday, weighed down by lower U.S. yields and a rebound in the pound from 27-month lows. The dollar index versus a basket of six major currencies was flat at 97.200 after shedding 0.2% the previous day. The index had climbed to a one-week peak of 97.444 the previous day on stronger-than-expected U.S. retail sales and a slump in sterling. But it nudged lower as Treasury yields fell in the wake of weak U.S. housing market data and concerns about the...

Oil Holds Near Lows on Trump Trade Barbs, Easing Iran Tensions

Oil held near its lows after President Donald Trump™s threat of new tariffs on China rekindled fears about global demand, while signs of a thawing in U.S.-Iran tensions eased concerns about the threat to shipping lanes in the Middle East. Futures in New York were steady, after dropping 3.3% on Tuesday. Trump reiterated his warnings about additional tariffs at a cabinet meeting Tuesday, after promising to hold off on more duties in a trade-war truce he reached with...

Gold Holds Drop as U.S. Data Counter Powell Speech

Gold held a decline as better-than-projected U.S. data raised doubts over the Federal Reserve™s monetary policy path after an expected interest rate cut at the end of this month. U.S. retail sales and factory output in June exceeded expectations and underscored steady economic growth. Fed Chairman Jerome Powell saidTuesday the central bank is œcarefully monitoring downside risks to U.S. growth and œwill act as appropriate to sustain the expansion, echoing his...

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