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POPULAR NEWS
Gold Futures Post a Gain For a 4th Week in a Row

Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings and days (like today) when we receive a barrage of tweets from President [Donald] Trump and headlines concerning global trade," said Matthew Miller, equity analyst at CFRA Research. "The news regarding China's trade retaliation and [Trump's] multiple tweets attacking the Federal Reserve are...

Powell: U.S. in 'favorable' place, Fed will 'act as appropriate'

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of economic and geopolitical risks that the Fed is monitoring ” many of them, Powell noted, linked...

Gold prices head lower, set to snap weekly streak of gains ahead of Powell speech

Gold futures on Friday headed modestly lower ahead of much-awaited speech from Federal Reserve Chairman Jerome Powell near Jackson Hole, Wyo., which could provide some insights about health of the U.S. economy and the path of monetary policy ” key drivers for commodities. Powell is set to speak Friday at 10 a.m. Eastern Time. Powell's speech comes after Kansas City Fed Esther George and the Philadelphia Fed President Patrick Harker, said on CNBC that they would like to hold interest rates...

Oil Prices Dips Ahead of Powell Speech

Oil prices traded slightly lower on Friday as markets prepped for a speech from Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Symposium. New York-traded West Texas Intermediate crude futures slipped just 2 cents, nearly unchanged on a percentage basis, to $55.33 a barrel by 7:44 AM ET (11:44 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., fell 12 cents, or 0.2%, to $59.80. The speech at 10:00 AM ET (14:00 GMT) is expected to provide clues...

Dow drops 450 points after Trump orders US companies to look for 'alternative to China'

Stocks fell to their lows of the day on Friday after President Donald Trump ordered in a series tweets that U.S. companies find alternatives to their operations in China. Apple led the way lower. The Dow Jones Industrial Average traded 460 points lower, or 1.8%. The S&P 500 and Nasdaq Composite slid 1.9% and 2.2%, respectively. Trump tweeted on Friday: œOur great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..your...

Pakistan Tests Nuclear-Capable Ballistic Missile
Friday, 24 May 2019 01:56 WIB | GLOBAL |Global

Pakistan says it has successfully conducted a œtraining launch of a ballistic missile capable of carrying both nuclear and conventional warheads up to 1,500 kilometers.

The move came amid Pakistan's heightened military tensions with neighboring rival India, and it is seen by observers as part of the efforts Islamabad is making to keep pace with New Delhi's massive investments in military hardware and advancements.

After the indigenously produced Shaheen-II medium range rocket was fired into the Arabian Sea on Thursday, military spokesman Major-General Asif Ghafoor said that it is œa highly capable missile which fully meets Pakistan™s strategic needs towards maintenance of desired deterrence stability in the region.

Ghafoor noted the head of the military unit that oversees the country™s nuclear program witnessed the training launch along with other senior officials, scientists and engineers.

Pakistan has already test-fired the Shaheen-III nuclear-capable missile with a range of up to 1,700 miles, enabling it to strike all corners of India and reach deep into the Middle East, including Israel.

Thursday™s missile launch came a day after Pakistani Foreign Minister Shah Mehmood Qureshi spoke briefly with his Indian counterpart, Sushma Swaraj, on the sidelines of a meeting of the Shanghai Cooperation Organization member states in Kyrgyzstan. Following what he said was an informal interaction with Swaraj, Qureshi said he conveyed Pakistan™s readiness to engage in a dialogue with India to resolve all bilateral matters through negotiations.

Source : VOA

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POPULAR NEWS
Gold Futures Post a Gain For a 4th Week in a Row

Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings and days (like today) when we receive a barrage of tweets from President [Donald] Trump and headlines concerning global trade," said Matthew Miller, equity analyst at CFRA Research. "The news regarding China's trade retaliation and [Trump's] multiple tweets attacking the Federal Reserve are...

Powell: U.S. in 'favorable' place, Fed will 'act as appropriate'

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of economic and geopolitical risks that the Fed is monitoring ” many of them, Powell noted, linked...

Gold prices head lower, set to snap weekly streak of gains ahead of Powell speech

Gold futures on Friday headed modestly lower ahead of much-awaited speech from Federal Reserve Chairman Jerome Powell near Jackson Hole, Wyo., which could provide some insights about health of the U.S. economy and the path of monetary policy ” key drivers for commodities. Powell is set to speak Friday at 10 a.m. Eastern Time. Powell's speech comes after Kansas City Fed Esther George and the Philadelphia Fed President Patrick Harker, said on CNBC that they would like to hold interest rates...

Oil Prices Dips Ahead of Powell Speech

Oil prices traded slightly lower on Friday as markets prepped for a speech from Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Symposium. New York-traded West Texas Intermediate crude futures slipped just 2 cents, nearly unchanged on a percentage basis, to $55.33 a barrel by 7:44 AM ET (11:44 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., fell 12 cents, or 0.2%, to $59.80. The speech at 10:00 AM ET (14:00 GMT) is expected to provide clues...

Dow drops 450 points after Trump orders US companies to look for 'alternative to China'

Stocks fell to their lows of the day on Friday after President Donald Trump ordered in a series tweets that U.S. companies find alternatives to their operations in China. Apple led the way lower. The Dow Jones Industrial Average traded 460 points lower, or 1.8%. The S&P 500 and Nasdaq Composite slid 1.9% and 2.2%, respectively. Trump tweeted on Friday: œOur great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..your...

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