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POPULAR NEWS
Oil Holds Advance After Storm Barry Disrupts U.S. Production

Oil prices carried over a bullish tone from last week after Tropical Storm Barry shut down almost three-quarters of U.S. Gulf of Mexico production over the weekend. Futures in New York were up slightly, after gaining 4.7% last week. Barry weakened to a tropical depression Sunday, with some producers preparing to re-staff their offshore platforms. As of Sunday, Barry caused nearly 73% of crude oil production in the gulf to shut, up from 70% the day before, the Bureau of Safety...

Gold Trades Steady Ahead of China GDP Data

Gold prices held steady in early Asian trade on Monday, as market participants awaited key economic data from China for cues about the health of the world™s second-largest economy. Spot gold was flat at $1,415.34 per ounce as of 0100 GMT. U.S. gold futures were up 0.3% at $1,416.50 an ounce. Source : Reuters

Gold prices settle at nearly two-week peak

Gold futures edged higher on Monday, settling at their highest in almost two weeks as prices extended recent gains scored on the back of expectations for a U.S. Federal Reserve interest-rate cut at the end of the month. Gold for August delivery on Comex added $1.30, or about 0.1%, to settle at $1,413.50 an ounce. That™s the highest most-active contract settlement since July 3, which saw a finish at $1,420.90”the highest since May 2013, FactSet data show. September silver also rose 12.9...

Gold Prices Little Changed as China Growth Data Matches Expectations

Gold prices were little changed on Monday in Asia after data showed China™s second-quarter growth data slowed to a 27-year low but matched expectations. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange were little changed at $1,413.35 by 12:43 AM ET (04:43 GMT). The prices of the safe-haven asset was little changed after the release of a slew of China data this morning. The country™s GDP growth slowed to 6.2% year-on-year in the...

Wall St. Leans Neutral/Sideways On Gold Prices, Main St. Bullish

Wall Street traders and analysts are undecided or else look for gold prices to be sideways this week, while Main Street remained bullish, according to the weekly Kitco News gold survey. The largest block of Wall Street voters were in the neutral/sideways camp, while the rest were nearly evenly split between bulls and bears. This was the first time Wall Street was not bullish since May 10, when the professionals were also neutral. Sixteen market professionals took part in the Wall Street...

Russian S-400 Defense Systems Arrive in Turkey
Friday, 12 July 2019 17:06 WIB | GLOBAL |Global

The first shipment of a Russian missile defense system has arrived in Turkey, the Turkish Defense Ministry said Friday, moving the country closer to possible U.S. sanctions and a new standoff with Washington.

A Defense Ministry statement said œthe first group of equipment of the S-400 air defense systems has reached an air base near the capital, Ankara.

The U.S. has strongly urged NATO member Turkey to pull back from the deal ” reportedly costing more than $2 billion ” warning the country that it will face economic sanctions under the Countering America™s Adversaries Through Sanctions Act if it goes ahead with the purchase. It has also said Turkey won™t be allowed to participate in the program to produce high-tech F-35 fighter jets.

The U.S. has repeatedly said that the Russian system is incompatible with NATO systems and is a threat to the F-35.

Sanctions would mark a new low in the already-tense relations between Turkey and the U.S. Last year, the United States imposed sanctions on Turkey over its detention of an American pastor, triggering a Turkish currency crisis.

The deal with Russia ” the first such deal between Russia and a NATO member ” has also raised concerns that Turkey is drifting closer to Moscow's sphere of influence.

Turkey has refused to bow to U.S. pressure, insisting that choosing which defense equipment to purchase is a matter of national sovereignty.

Source : VOA

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Hurricane Warning for Louisiana Coast as Tropical Storm Drifts Toward Land...
Friday, 12 July 2019 23:36 WIB

Forecasters have issued hurricane warnings for parts of the Louisiana coast, as Tropical Storm Barry churns ominously in the Gulf of Mexico. U.S. President Donald Trump declared a State of Emergency ...

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POPULAR NEWS
Oil Holds Advance After Storm Barry Disrupts U.S. Production

Oil prices carried over a bullish tone from last week after Tropical Storm Barry shut down almost three-quarters of U.S. Gulf of Mexico production over the weekend. Futures in New York were up slightly, after gaining 4.7% last week. Barry weakened to a tropical depression Sunday, with some producers preparing to re-staff their offshore platforms. As of Sunday, Barry caused nearly 73% of crude oil production in the gulf to shut, up from 70% the day before, the Bureau of Safety...

Gold Trades Steady Ahead of China GDP Data

Gold prices held steady in early Asian trade on Monday, as market participants awaited key economic data from China for cues about the health of the world™s second-largest economy. Spot gold was flat at $1,415.34 per ounce as of 0100 GMT. U.S. gold futures were up 0.3% at $1,416.50 an ounce. Source : Reuters

Gold prices settle at nearly two-week peak

Gold futures edged higher on Monday, settling at their highest in almost two weeks as prices extended recent gains scored on the back of expectations for a U.S. Federal Reserve interest-rate cut at the end of the month. Gold for August delivery on Comex added $1.30, or about 0.1%, to settle at $1,413.50 an ounce. That™s the highest most-active contract settlement since July 3, which saw a finish at $1,420.90”the highest since May 2013, FactSet data show. September silver also rose 12.9...

Gold Prices Little Changed as China Growth Data Matches Expectations

Gold prices were little changed on Monday in Asia after data showed China™s second-quarter growth data slowed to a 27-year low but matched expectations. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange were little changed at $1,413.35 by 12:43 AM ET (04:43 GMT). The prices of the safe-haven asset was little changed after the release of a slew of China data this morning. The country™s GDP growth slowed to 6.2% year-on-year in the...

Wall St. Leans Neutral/Sideways On Gold Prices, Main St. Bullish

Wall Street traders and analysts are undecided or else look for gold prices to be sideways this week, while Main Street remained bullish, according to the weekly Kitco News gold survey. The largest block of Wall Street voters were in the neutral/sideways camp, while the rest were nearly evenly split between bulls and bears. This was the first time Wall Street was not bullish since May 10, when the professionals were also neutral. Sixteen market professionals took part in the Wall Street...

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