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...
Gold prices traded lower on Friday in Asia ahead of the Federal Reserve™s annual Jackson Hole Symposium, where Fed Chair Jerome Powell is expected to provide clarity on future monetary easing plans. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, fell 0.2% to $1,504.85 by 1:11 AM ET (05:11 GMT). Markets currently expect the Fed to slash rates again at its next meeting in September, but uncertainties surrounding the direction of future...
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...
President Donald Trump is considering cutting US $ 4 billion in foreign aid because he considers wasteful, unnecessary. But finally he finished compiling his plan was opposed by the American Congress. "The president has explained about waste and asking for our foreign assistance, and asks that we have to spend the aid money," said a senior White House official. But after making an important contribution the Republicans and Democrats announced support for the effort, Trump finally gave...
Gold eased on Friday and was set for its worst week in nearly five months, as lack of clarity from the U.S. Federal Reserve on the outlook for interest rate cuts triggered investors to cash in some gains ahead of Jerome Powell's speech at Jackson Hole. Spot gold was down 0.2% to $1,495.80 per ounce, as of 08:05 GMT. The metal has lost nearly 1.2% so far this week, on track for its biggest weekly percentage decline since March 29. U.S. gold futures also slipped 0.2% to $1,505.50 an...
NATO and Russia did not make any breakthroughs on the Intermediate-Range Nuclear Forces Treaty (INF) in talks at the alliance headquarters, NATO's secretary-general said.
"We did not see any sign of Russia being willing to come back into compliance with the INF treaty," Jens Stoltenberg told reporters Friday in Brussels after a meeting of the NATO-Russia Council.
Stoltenberg said the chances of a resolution on a landmark Cold War arms treaty were "going down, day by day" but that NATO had not given up on its efforts to try to persuade Moscow to destroy the SSC-8 land-based cruise missile with a range of 500 to 5,500 kilometers (310 to 3,400 miles).
Moscow says it is fully in compliance with the INF treaty negotiated by U.S. President Ronald Reagan and Soviet leader Mikhail Gorbachev, which eliminated the medium-range missile arsenals of the two countries.
The United States is set to pull out of the treaty on August 2, arguing that it needs to develop its own warheads to deter Moscow, after Russia's last-minute decision not to destroy the medium-range missile that NATO says violates the INF.
Source : VOA
Japan's prime minister said Friday that South Korea's decision to end a military intelligence sharing deal with Tokyo damages mutual trust. Shinzo Abe, speaking a day after Seoul announced its decisi...
President Donald Trump is considering cutting US $ 4 billion in foreign aid because he considers wasteful, unnecessary. But finally he finished compiling his plan was opposed by the American Congress....
In an escalation of its bitter dispute with Japan, South Korea decided Thursday to scrap a military intelligence sharing agreement with Tokyo, opening a new divide in trilateral security cooperation b...
U.S. President Donald Trump said Wednesday he wants Russia back at the Group of Seven summits of the world's leading economies, even though it still controls Ukraine's Crimean Peninsula. Moscow was b...
Two U.S. service members were "killed in action" Wednesday in Afghanistan, the U.S. military said, as talks between the U.S. and the Taliban were set to resume in Qatar. U.S. officials confirmed this...
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...
Gold prices traded lower on Friday in Asia ahead of the Federal Reserve™s annual Jackson Hole Symposium, where Fed Chair Jerome Powell is expected to provide clarity on future monetary easing plans. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, fell 0.2% to $1,504.85 by 1:11 AM ET (05:11 GMT). Markets currently expect the Fed to slash rates again at its next meeting in September, but uncertainties surrounding the direction of future...
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...
President Donald Trump is considering cutting US $ 4 billion in foreign aid because he considers wasteful, unnecessary. But finally he finished compiling his plan was opposed by the American Congress. "The president has explained about waste and asking for our foreign assistance, and asks that we have to spend the aid money," said a senior White House official. But after making an important contribution the Republicans and Democrats announced support for the effort, Trump finally gave...
Gold eased on Friday and was set for its worst week in nearly five months, as lack of clarity from the U.S. Federal Reserve on the outlook for interest rate cuts triggered investors to cash in some gains ahead of Jerome Powell's speech at Jackson Hole. Spot gold was down 0.2% to $1,495.80 per ounce, as of 08:05 GMT. The metal has lost nearly 1.2% so far this week, on track for its biggest weekly percentage decline since March 29. U.S. gold futures also slipped 0.2% to $1,505.50 an...