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POPULAR NEWS
Gold prices settle higher, head lower after Fed decision

Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following the Fed news, which came after gold futures settled, February gold was at $1,473.10 an ounce in electronic trading. It had ended the session up $6.90, or 0.5%, at $1,475 an ounce. Source: Marketwatch

Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election

The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped 0.3% to $1.3124 from a level of $1.3155 seen late Tuesday in North American trading. The FTSE 100 was up 0.4% in early action, benefiting from a weaker pound as many multinational companies listed on the index earn the bulk of their revenue outside the...

Gold Flat; Price Could Hit $1,550/oz in 2020: Commerzbank

Gold prices are flat in early Asian trade before the Fed's interest rate decision later in the day. Gold prices could rise to $1,550/oz next year mainly because the low or negative interest rates in the global economy are expected to stay thanks to the expansionary monetary policies pursued by major central banks, Commerzbank says. Gold prices could also get support from the unresolved U.S.-Chinese trade conflict and other potential political risks, the German bank says. Spot gold is flat at...

Oil prices end lower after unexpected climb in weekly U.S. crude inventory data

Oil futures finished lower on Wednesday after U.S. government data showed an unexpected climb in domestic supplies of crude oil, as well as sizable gains in gasoline and distillate stockpiles. Prices showed little reaction to the Federal Reserve™s decision to hold its benchmark interest rate unchanged in a range of 1.5% and 1.75%. On Wednesday, West Texas Intermediate crude for January delivery declined 48 cents, or 0.8%, to settle at $58.76 a barrel on the New York Mercantile Exchange. On...

Gold ends lower as Trump tweet raises optimism that trade deal with China near

Gold prices ended lower on Thursday as President Donald Trump's tweet that a trade deal with China is near rallied the stock market, dulling demand for the haven metal. Gold prices had been trading higher early Thursday, with uncertainties surrounding a U.K. election and dovish stances by the Federal Reserve and the European Central Bank helping to provide support. February gold  fell by $2.70, or 0.2%, to settle at $1,472.30 an ounce, down significantly from the day's high of...

US Blames Iran for Attacks on 2 Oil Tankers in Gulf of Oman
Friday, 14 June 2019 18:41 WIB | GLOBAL |Global

U.S. Secretary of State Mike Pompeo is blaming Iran for Thursday's attacks on two oil tankers in the Gulf of Oman, off the Iranian coast.

One of the tankers was set on fire and sent up smoke thick and black enough to be seen by satellites in space.

Pompeo said the U.S. based its determination that Iran was behind the attacks on intelligence, the weapons used, and what he called the "level of expertise" needed to carry out such an operation.

The secretary noted that Iran was behind other recent similar attacks on shipping and that no proxy group in the region has the resources and ability to attack a tanker with such a "high degree of sophistication."

One of the tankers is Norwegian-owned and the other is owned by a Japanese company.

Iranian Foreign Minister Javad Zarif said the timing of the latest apparent attacks was "beyond suspicious" because Japanese Prime Minister Shinzo Abe was in Tehran meeting with Supreme Leader Ayatollah Ali Khameini. Their talks focused on ways to de-escalate tensions between Washington and Tehran.

But Pompeo said the Iranian government "insulted" Japan by striking one of its tankers while Abe was in the country.

A U.S. defense official, speaking to VOA on condition of anonymity, said the military has "a lot of indications" Iran attacked the ships.

The official would not elaborate on what the evidence entailed. This was the latest of many attacks in the region that the U.S. has accused Tehran of carrying out, but it has yet to declassify any incriminating evidence.

Both ships were struck at dawn Thursday by what U.S. military officials believe were mines.

U.S. President Donald Trump tweeted that while he appreciates Abe's efforts to calm tensions with Iran, "it is too soon to even think about making a deal. They are not ready, and neither are we!"

Source : VOA

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POPULAR NEWS
Gold prices settle higher, head lower after Fed decision

Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following the Fed news, which came after gold futures settled, February gold was at $1,473.10 an ounce in electronic trading. It had ended the session up $6.90, or 0.5%, at $1,475 an ounce. Source: Marketwatch

Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election

The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped 0.3% to $1.3124 from a level of $1.3155 seen late Tuesday in North American trading. The FTSE 100 was up 0.4% in early action, benefiting from a weaker pound as many multinational companies listed on the index earn the bulk of their revenue outside the...

Gold Flat; Price Could Hit $1,550/oz in 2020: Commerzbank

Gold prices are flat in early Asian trade before the Fed's interest rate decision later in the day. Gold prices could rise to $1,550/oz next year mainly because the low or negative interest rates in the global economy are expected to stay thanks to the expansionary monetary policies pursued by major central banks, Commerzbank says. Gold prices could also get support from the unresolved U.S.-Chinese trade conflict and other potential political risks, the German bank says. Spot gold is flat at...

Oil prices end lower after unexpected climb in weekly U.S. crude inventory data

Oil futures finished lower on Wednesday after U.S. government data showed an unexpected climb in domestic supplies of crude oil, as well as sizable gains in gasoline and distillate stockpiles. Prices showed little reaction to the Federal Reserve™s decision to hold its benchmark interest rate unchanged in a range of 1.5% and 1.75%. On Wednesday, West Texas Intermediate crude for January delivery declined 48 cents, or 0.8%, to settle at $58.76 a barrel on the New York Mercantile Exchange. On...

Gold ends lower as Trump tweet raises optimism that trade deal with China near

Gold prices ended lower on Thursday as President Donald Trump's tweet that a trade deal with China is near rallied the stock market, dulling demand for the haven metal. Gold prices had been trading higher early Thursday, with uncertainties surrounding a U.K. election and dovish stances by the Federal Reserve and the European Central Bank helping to provide support. February gold  fell by $2.70, or 0.2%, to settle at $1,472.30 an ounce, down significantly from the day's high of...

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