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POPULAR NEWS
Gold Edges Higher After IMF Shaves World Growth Forecast

Gold prices drifted fractionally higher on Monday as U.S. markets remained closed for the Martin Luther King holiday while European ones were content to await the European Central Bank™s policy meeting later this week for clues as to how long the current regime of negative interest rates will last. Prices ticked up slightly after the International Monetary Fund kept its gloomy outlook for 2020, shaving its forecast for global growth this year to 3.3% from 3.4% in October. It also cut the...

Gold Gains on Yemen Attacks, China Lunar New Year Buying

Gold prices rose to their highest in more than a week on Monday, after a missile attack in Yemen over the weekend fanned geopolitical concerns and boosted the metal™s safe-haven appeal, while buying ahead of the Chinese New Year also lent support. Spot gold was up 0.3% at $1,560.89 per ounce by 0726 GMT, after touching its highest since Jan. 10 at $1,562.51 earlier in the session. U.S. gold futures were flat at $1,560.50. œChinese New Year is in front of us and some buying has emerged...

Wall Street, Main Street expect gold price uptrend to continue

Wall Street and Main Street alike look for gold to continue the recent bounce this week.             Thirteen market professionals took part in the Wall Street survey. Ten, or 77%, called for gold to rise. There were no votes saying gold would fall, with three voters, or 23%, neutral or calling for a sideways market. Meanwhile, 820 votes were cast in an online Main Street poll. A total of 475 voters, or 58%, looked for gold to rise...

Oil Rises as Libyan Oilfields Shut Down

Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle. Brent crude was up 37 cents, or 0.6%, at $65.22 by 0952 GMT, having earlier touched $66 a barrel, the highest since Jan. 9. The West Texas Intermediate contract was 24 cents, or 0.4%, higher at $58.78 a barrel, after rising to $59.73, the highest since Jan. 10. Two major...

Oil Jumps After Unrest Hits Key OPEC Producers Libya and Iraq

Oil jumped as rising tension in the Middle East and North Africa halted output and exports from key OPEC producers Iraq and Libya. Futures in New York and London rose more than 1.5%. Iraq temporarily stopped output at an oil field on Sunday and supply from a second site is at risk as widespread unrest escalates in OPEC™s second-biggest producer. In Libya, National Oil Corp. declared force majeure after Commander Khalifa Haftar blocked exports at ports under his...

UN Confirms Iran Enriching Uranium in Excess of Nuclear Deal Limit
Tuesday, 9 July 2019 23:24 WIB | GLOBAL |Global

The United Nations' atomic energy agency has confirmed Iran has surpassed the uranium enrichment limits spelled out in the 2015 nuclear deal.

The International Atomic Energy Agency said its inspectors verified Monday that Iran has surpassed the 3.67% enrichment limit set in the accord, aimed at restraining Tehran's ability to develop nuclear weapons in return for sanctions relief.

It did not specify by how much Iran exceeded the limit, but the Associated Press quotes a spokesman for Iran's Atomic Energy Organization on Monday as saying Tehran had enriched uranium to "around 4.5%" purity. Iran earlier said it could enrich uranium to 20% as it backs away from its commitments under the nuclear deal.

Uranium enriched to 5% is sufficient to produce fuel for nuclear power plants, but still far below the 90% needed for building a nuclear weapon. U.S. President Donald Trump withdrew the United States from the nuclear deal last year and imposed tough sanctions on Iran.

Tehran has already pulled out of parts of the agreement and is threatening to move further and further away from it unless the remaining parties ” Britain, China, France, Germany and Russia ” provide economic relief from the crippling U.S. sanctions.

Source : VOA

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POPULAR NEWS
Gold Edges Higher After IMF Shaves World Growth Forecast

Gold prices drifted fractionally higher on Monday as U.S. markets remained closed for the Martin Luther King holiday while European ones were content to await the European Central Bank™s policy meeting later this week for clues as to how long the current regime of negative interest rates will last. Prices ticked up slightly after the International Monetary Fund kept its gloomy outlook for 2020, shaving its forecast for global growth this year to 3.3% from 3.4% in October. It also cut the...

Gold Gains on Yemen Attacks, China Lunar New Year Buying

Gold prices rose to their highest in more than a week on Monday, after a missile attack in Yemen over the weekend fanned geopolitical concerns and boosted the metal™s safe-haven appeal, while buying ahead of the Chinese New Year also lent support. Spot gold was up 0.3% at $1,560.89 per ounce by 0726 GMT, after touching its highest since Jan. 10 at $1,562.51 earlier in the session. U.S. gold futures were flat at $1,560.50. œChinese New Year is in front of us and some buying has emerged...

Wall Street, Main Street expect gold price uptrend to continue

Wall Street and Main Street alike look for gold to continue the recent bounce this week.             Thirteen market professionals took part in the Wall Street survey. Ten, or 77%, called for gold to rise. There were no votes saying gold would fall, with three voters, or 23%, neutral or calling for a sideways market. Meanwhile, 820 votes were cast in an online Main Street poll. A total of 475 voters, or 58%, looked for gold to rise...

Oil Rises as Libyan Oilfields Shut Down

Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle. Brent crude was up 37 cents, or 0.6%, at $65.22 by 0952 GMT, having earlier touched $66 a barrel, the highest since Jan. 9. The West Texas Intermediate contract was 24 cents, or 0.4%, higher at $58.78 a barrel, after rising to $59.73, the highest since Jan. 10. Two major...

Oil Jumps After Unrest Hits Key OPEC Producers Libya and Iraq

Oil jumped as rising tension in the Middle East and North Africa halted output and exports from key OPEC producers Iraq and Libya. Futures in New York and London rose more than 1.5%. Iraq temporarily stopped output at an oil field on Sunday and supply from a second site is at risk as widespread unrest escalates in OPEC™s second-biggest producer. In Libya, National Oil Corp. declared force majeure after Commander Khalifa Haftar blocked exports at ports under his...

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