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POPULAR NEWS
Gold posts lowest finish in nearly 2 weeks as bond yields climb

Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming. U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can dull the luster of gold, which offers no yield. December gold fell $7.20, or 0.5%, to settle at $1,508.50 an ounce after trading as low as $1,502.10. Prices finished at the lowest for a most-active...

Gold edges lower, focus on Jackson Hole summit for rate-cut direction

Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts. Spot gold inched down 0.2% at $1,499.60 per ounce as of 07:47 GMT. U.S. gold futures were down 0.5% at $1,507.60 an ounce. If Powell says they are going to cut rates aggressively, that may not be great for gold in the short-term since equities will gain, Halley...

Gold sinks as bond yields climb

Gold futures headed lower Thursday as bond yields edged up, dimming some of the luster from the precious metal, with the Federal Reserve's annual symposium of central bankers getting underway in Jackson Hole, Wyo. December delivery was last down $12.10, or 0.8%, to reach $1,503.90 an ounce, after finishing Wednesday™s session flat. September silver lost 13 cents, or 0.7%, to $17.025 an ounce. The benchmark 10-year Treasury note added more than 3 basis points to around 1.61% early Thursday...

Gold Holds Drop as Traders Await Jackson Hole Meeting

Gold held a decline as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday while mulling the minutes from the central bank™s latest meeting. Minutes from the July 30-31 meeting released Wednesday showed that Fed officials viewed their first interest-rate cut in more than a decade as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over...

Dollar Holds Gains After Fed Minutes Temper Rate Cut Expectations

The dollar held gains on Thursday after minutes from the Federal Reserve's last policy meeting hosed down some aggressive expectations the central bank would embark on a series of deep interest rate cuts. Asian currencies are expected to trade in tight ranges on Thursday ahead of U.S. Federal Reserve Chairman Jerome Powell's speech at Jackson Hole on Friday for signs of just how far the U.S. central bank is prepared to lower rates. His comments are of particular interest after an inversion...

Hong Kong Police Fire Tear Gas to Disperse Protesters
Monday, 22 July 2019 17:11 WIB | GLOBAL |Global

Hong Kong riot police fired tear gas and rubber bullets late Sunday to disperse pro-democracy protesters who again filled the streets of the Chinese territory.

Tens of thousands of demonstrators protested for the seventh straight weekend, with some defacing the Chinese national emblem on Beijing's liaison office. Some threw eggs at the building and spray-painted surrounding security cameras.

Acrid clouds of tear gas enveloped the territory's dense commercial district.

The protests have morphed from a call for an end to the now-suspended bill to extradite Hong Kong residents charged with criminal offenses to China for trial into demonstrations for democratic reforms and an end to Beijing's tighter grip on the territory. Many shouted, "Liberate Hong Kong!"

It is the worst social turmoil to rock the former British colony since it returned to Chinese rule 22 years ago.

Millions have rallied over the past two months, with Sunday's chaos following a familiar pattern, a huge peaceful protest that evolved into a night of clashes between police and more hard-core groups.

Hong Kong's embattled leader, Carrie Lam, has apologized for the turmoil the extradition bill has caused and declared it "dead."

Source : VOA

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POPULAR NEWS
Gold posts lowest finish in nearly 2 weeks as bond yields climb

Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming. U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can dull the luster of gold, which offers no yield. December gold fell $7.20, or 0.5%, to settle at $1,508.50 an ounce after trading as low as $1,502.10. Prices finished at the lowest for a most-active...

Gold edges lower, focus on Jackson Hole summit for rate-cut direction

Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts. Spot gold inched down 0.2% at $1,499.60 per ounce as of 07:47 GMT. U.S. gold futures were down 0.5% at $1,507.60 an ounce. If Powell says they are going to cut rates aggressively, that may not be great for gold in the short-term since equities will gain, Halley...

Gold sinks as bond yields climb

Gold futures headed lower Thursday as bond yields edged up, dimming some of the luster from the precious metal, with the Federal Reserve's annual symposium of central bankers getting underway in Jackson Hole, Wyo. December delivery was last down $12.10, or 0.8%, to reach $1,503.90 an ounce, after finishing Wednesday™s session flat. September silver lost 13 cents, or 0.7%, to $17.025 an ounce. The benchmark 10-year Treasury note added more than 3 basis points to around 1.61% early Thursday...

Gold Holds Drop as Traders Await Jackson Hole Meeting

Gold held a decline as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday while mulling the minutes from the central bank™s latest meeting. Minutes from the July 30-31 meeting released Wednesday showed that Fed officials viewed their first interest-rate cut in more than a decade as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over...

Dollar Holds Gains After Fed Minutes Temper Rate Cut Expectations

The dollar held gains on Thursday after minutes from the Federal Reserve's last policy meeting hosed down some aggressive expectations the central bank would embark on a series of deep interest rate cuts. Asian currencies are expected to trade in tight ranges on Thursday ahead of U.S. Federal Reserve Chairman Jerome Powell's speech at Jackson Hole on Friday for signs of just how far the U.S. central bank is prepared to lower rates. His comments are of particular interest after an inversion...

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