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POPULAR NEWS
Gold finishes lower as worries over China virus ebb

Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities traders weighed the potential economic impact of an outbreak of a serious virus in China. Gold for February delivery on Comex lost $1.20, or 0.08%, to settle at $1,556.70 an ounce, while March silver added 2 cents, or 0.1%, to $17.828 an ounce following a 1.5% loss Tuesday. In other metals trading, March palladium rose 4.6% to $2,335.60 an ounce,...

Gold Settles Lower as Traders Weigh The Impact of China's Coronavirus on Demand for The Metal

Gold futures settled modestly lower on Tuesday, with some sources attributing the loss to the possibility that a viral outbreak may cut demand for the precious metal as China prepares for its New Year celebrations this weekend. The Chinese tend to buy more gold for the holiday celebration. Other sources, however, said that a further spread of the coronavirus may eventually support haven buying of gold. CNN reported Tuesday that the U.S. was expected to announce its first case of Wuhan...

Gold Steady Amid Virus Concerns; Palladium Decline

Gold was steady in Asia as markets assessed the likely impact of the spread of China™s coronavirus. Palladium extended its decline. Spot gold -0.1% to $1,556.81/oz at 7:41am in Singapore; -0.2% Tuesday. Bloomberg Dollar Spot Index steady after +0.1% Tuesday. Other precious metals: Silver little changed at $17.7762/oz, Platinum -0.1% to $999.92/oz, Palladium -0.3% to $2,394.35/oz; prices fell 5.6% Tuesday, biggest loss since Aug. 1. Source: Bloomberg

Gold Eases Off 2-Week Peak, Virus Scare Stems Declines

Gold fell on Tuesday, easing off a two-week peak, as the dollar steadied near a one-month high, although fears of the economic fallout from the coronavirus in China dulled risk sentiment and kept prices supported above the $1,500 an ounce level. Spot gold was down 0.4% to $1,555.59 per ounce, after hitting its highest since Jan. 8 at $1,568.35 earlier in the session. U.S. gold futures fell 0.3% to $1,555.70 per ounce. The dollar held near the highest level in nearly a month, making gold...

Gold Gains on IMF Growth Cut, Virus Curbs Risk Demand

Gold rose for a third day after the International Monetary Fund trimmed its global growth outlook for this year and as a virus outbreak in China weighed on risk appetite across markets. Palladium dropped more than 3% after hitting a record on Monday. Spot gold as much as +0.5% to $1,568.67/oz and was at $1,562.53 at 7:35am in London. Bloomberg Dollar Spot Index +0.1%. The IMF predicted the world economy will strengthen in 2020, albeit at a slightly weaker pace...

Trump: 'Not Looking for War' With Iran
Monday, 24 June 2019 19:44 WIB | GLOBAL |Global

U.S. President Donald Trump says he is "not looking for war" with Iran and willing to negotiate with its leaders without preconditions, but that under no circumstances can the Islamic Republic be allowed to mass a nuclear weapons arsenal.

Trump told NBC's Meet the Press show that if the U.S. went to war with Iran, "It'll be obliteration like you've never seen before."

"But," he added, "I'm not looking to do that."

The U.S. leader said, "Here it is. Look, you can't have nuclear weapons. And if you want to talk about it, good. Otherwise, you can live in a shattered economy for a long time."

Trump's comments, taped Friday, were aired after he announced Saturday, without providing any details, that he plans to impose "major" new sanctions on Iran on Monday. He said the sanctions would be dropped as soon as the country becomes "a productive and prosperous nation again."

Two other key U.S. officials, national security adviser John Bolton and Vice President Mike Pence, issued new warnings to Iran that Trump's last-minute decision to not militarily retaliate for Tehran's Thursday shoot-down of an unmanned U.S. drone near the Strait of Hormuz should not be viewed as a sign of "weakness."

"Neither Iran nor any other hostile actor should mistake U.S. prudence and discretion for weakness," Bolton said in Jerusalem ahead of a meeting with Israeli Prime Minister Benjamin Netanyahu.

Pence told the CNN television network, "Iran must not take restraint for a lack of resolve. This is a president who hopes for the best for the Iranian people...but we will stand up to their provocations."

Source : VOA

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POPULAR NEWS
Gold finishes lower as worries over China virus ebb

Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities traders weighed the potential economic impact of an outbreak of a serious virus in China. Gold for February delivery on Comex lost $1.20, or 0.08%, to settle at $1,556.70 an ounce, while March silver added 2 cents, or 0.1%, to $17.828 an ounce following a 1.5% loss Tuesday. In other metals trading, March palladium rose 4.6% to $2,335.60 an ounce,...

Gold Settles Lower as Traders Weigh The Impact of China's Coronavirus on Demand for The Metal

Gold futures settled modestly lower on Tuesday, with some sources attributing the loss to the possibility that a viral outbreak may cut demand for the precious metal as China prepares for its New Year celebrations this weekend. The Chinese tend to buy more gold for the holiday celebration. Other sources, however, said that a further spread of the coronavirus may eventually support haven buying of gold. CNN reported Tuesday that the U.S. was expected to announce its first case of Wuhan...

Gold Steady Amid Virus Concerns; Palladium Decline

Gold was steady in Asia as markets assessed the likely impact of the spread of China™s coronavirus. Palladium extended its decline. Spot gold -0.1% to $1,556.81/oz at 7:41am in Singapore; -0.2% Tuesday. Bloomberg Dollar Spot Index steady after +0.1% Tuesday. Other precious metals: Silver little changed at $17.7762/oz, Platinum -0.1% to $999.92/oz, Palladium -0.3% to $2,394.35/oz; prices fell 5.6% Tuesday, biggest loss since Aug. 1. Source: Bloomberg

Gold Eases Off 2-Week Peak, Virus Scare Stems Declines

Gold fell on Tuesday, easing off a two-week peak, as the dollar steadied near a one-month high, although fears of the economic fallout from the coronavirus in China dulled risk sentiment and kept prices supported above the $1,500 an ounce level. Spot gold was down 0.4% to $1,555.59 per ounce, after hitting its highest since Jan. 8 at $1,568.35 earlier in the session. U.S. gold futures fell 0.3% to $1,555.70 per ounce. The dollar held near the highest level in nearly a month, making gold...

Gold Gains on IMF Growth Cut, Virus Curbs Risk Demand

Gold rose for a third day after the International Monetary Fund trimmed its global growth outlook for this year and as a virus outbreak in China weighed on risk appetite across markets. Palladium dropped more than 3% after hitting a record on Monday. Spot gold as much as +0.5% to $1,568.67/oz and was at $1,562.53 at 7:35am in London. Bloomberg Dollar Spot Index +0.1%. The IMF predicted the world economy will strengthen in 2020, albeit at a slightly weaker pace...

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