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POPULAR NEWS
Gold Rises, Set For Best Week in Over a Month as Virus Rapidly Spreads

Gold prices hit their highest in seven years on Friday and were set to post their best week in one-and-a-half months, as demand for the safe-heaven asset was boosted by a surge in new coronavirus cases in South Korea. South Korea reported 52 new cases of the virus, taking the national total to 156, while Japan reported the first fatalities from aboard a cruise ship that accounts for the biggest cluster of infections outside China. Spot gold rose 0.4% to $1,625.05 per ounce by 0409 GMT, after...

Gold Hits New 7-Year High as Virus Prompts More Upgrades

Gold prices surged to fresh seven-year highs as portfolio investors flocked to haven assets as the coronavirus spread menacingly outside of China. The number of confirmed cases in South Korea leaped to over 200, putting investors on alert for signs that the virus may be difficult to contain even in countries with advanced health care systems (and reliable data). By 7:45 AM ET (1245 GMT), gold futures for delivery on the Comex exchange were up 1.1% at $1637,65 a troy ounce, only a whisker...

Gold futures post a nearly 4% weekly gain

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary. April gold rose $28.30, or nearly 1.8%, to settle at $1,648.80 an ounce. The weekly percentage climb was the largest since June, according to FactSet...

Gold Steady Near 7-Year Peak as Persistent Virus Fears Dampen China Stimulus

Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage from China™s coronavirus epidemic that eclipsed Beijing™s stimulus efforts. Spot gold was little changed at $1,619.33 per ounce by 0108 GMT. In the previous session, bullion prices had hit a seven-year high at $1,623.45. U.S. gold futures were up 0.1% to $1,622.60. Daegu, a city of 2.5 million people in South Korea, has become the latest...

USD/JPY struggles around 112.00 amid fresh risk-off, Japan data

USD/JPY seesaws around 112.00 amid the initial minutes of the Tokyo open on Friday. The yen pair recently surged to the highest since April 2019 following the broad US dollar rally and weakness of the Japanese fundamentals. The Japanese yen is now under pressure following the downbeat fundamentals at home. Not only the Asian economy™s sustained failures to reach 2.0% target inflation but the disappointing figures of the fourth quarter (Q4) GDP also raised doubts on the JPY™s safe-haven...

UN Palestinian Refugee Agency Pleads for Funds
Thursday, 23 May 2019 17:25 WIB | GLOBAL |Global

The U.N. agency that assists Palestinian refugees warned Wednesday that it would run out of money in a few weeks if donors did not step up quickly.

"As we speak, UNRWA has only enough money to run its operations until mid-June," Pierre Krähenbühl, commissioner-general of the U.N. Relief and Works Agency for Palestine Refugees, told the U.N. Security Council.

The council meets monthly to discuss the Israel-Palestinian conflict.

UNRWA provides more than 5 million Palestinian refugees in the Gaza Strip, West Bank, Jordan, Lebanon and Syria with essential services, including education and health care.

Krähenbühl said the agency needs $1.2 billion this year for all of its operations across the region.

"This is the exact amount we mobilized last year," he said. "If every donor managed to maintain its level of funding in 2019, we should be able to cover our budget."

Source : VOA

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POPULAR NEWS
Gold Rises, Set For Best Week in Over a Month as Virus Rapidly Spreads

Gold prices hit their highest in seven years on Friday and were set to post their best week in one-and-a-half months, as demand for the safe-heaven asset was boosted by a surge in new coronavirus cases in South Korea. South Korea reported 52 new cases of the virus, taking the national total to 156, while Japan reported the first fatalities from aboard a cruise ship that accounts for the biggest cluster of infections outside China. Spot gold rose 0.4% to $1,625.05 per ounce by 0409 GMT, after...

Gold Hits New 7-Year High as Virus Prompts More Upgrades

Gold prices surged to fresh seven-year highs as portfolio investors flocked to haven assets as the coronavirus spread menacingly outside of China. The number of confirmed cases in South Korea leaped to over 200, putting investors on alert for signs that the virus may be difficult to contain even in countries with advanced health care systems (and reliable data). By 7:45 AM ET (1245 GMT), gold futures for delivery on the Comex exchange were up 1.1% at $1637,65 a troy ounce, only a whisker...

Gold futures post a nearly 4% weekly gain

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary. April gold rose $28.30, or nearly 1.8%, to settle at $1,648.80 an ounce. The weekly percentage climb was the largest since June, according to FactSet...

Gold Steady Near 7-Year Peak as Persistent Virus Fears Dampen China Stimulus

Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage from China™s coronavirus epidemic that eclipsed Beijing™s stimulus efforts. Spot gold was little changed at $1,619.33 per ounce by 0108 GMT. In the previous session, bullion prices had hit a seven-year high at $1,623.45. U.S. gold futures were up 0.1% to $1,622.60. Daegu, a city of 2.5 million people in South Korea, has become the latest...

USD/JPY struggles around 112.00 amid fresh risk-off, Japan data

USD/JPY seesaws around 112.00 amid the initial minutes of the Tokyo open on Friday. The yen pair recently surged to the highest since April 2019 following the broad US dollar rally and weakness of the Japanese fundamentals. The Japanese yen is now under pressure following the downbeat fundamentals at home. Not only the Asian economy™s sustained failures to reach 2.0% target inflation but the disappointing figures of the fourth quarter (Q4) GDP also raised doubts on the JPY™s safe-haven...

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