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POPULAR NEWS
Gold Edges Up On U.S.-China Tensions; Set For Second Monthly Gain

Gold inched up on Friday and was on track for its second monthly gain as deteriorating U.S.-China ties in a world reeling from the coronavirus pandemic rattled investors and fueled demand for the safe-haven metal. Spot gold was up 0.1% at $1,719.47 per ounce by 0342 GMT. U.S. gold futures rose 0.3% to $1,717.60. However, the metal was down for the week, having dropped to a two-week low on Wednesday as easing lockdown measures around the world boosted hopes of an economic recovery. Source :...

Gold Rises Friday and Set for Weekly Gain as Investors Await President Trump Statement on China

Gold futures headed higher for a second session Friday, putting gold prices on track for a modest weekly gain amid focus on U.S.-China tensions and global monetary stimulus measures. President Donald Trump said that he was preparing to hold a Friday news conference on China but hasn't set a specific time. His planned remarks would come after the U.S., Australia, Canada and the U.K. governments issued a joint statement Thursday reiterating their "deep concern regarding Beijing's decision to...

Dollar In Narrow Range As Focus Shifts To Trump China Response

The dollar was hemmed into a narrow trading range on Friday as traders™ focus shifted to U.S. President Donald Trump™s response to China™s passage of a national security law for Hong Kong. The yuan pulled away from a record low in offshore trade, but investors remain nervous ahead of Trump™s announcement later on Friday of policy moves that could ignite a diplomatic row between Washington and Beijing. The greenback was on course for a weekly loss against major currencies as progress...

Powell Says The Fed is 'Days Away' from Making The First Loans in The Main Street Lending Facility

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just about ready, Powell told Princeton University economist and former Fed official Alan Blinder in a webinar interview Friday. "We're days away from making our first loans in Main Street, he said. "We...

Gold futures end higher, up more than 3% for the month

Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal. Meanwhile, Federal Reserve Chairman Jerome Powell said Friday that while he was a bit less tense about the economy, he is still concerned about a potential "second wave" of the coronavirus outbreak. Against that backdrop, August gold climbed by $23.40, or nearly 1.4%, to settle at $1,751.70 an ounce. Most-active futures contract prices ended the month with a gain...

South Korean Claims of Warning Shots to Russian Jets Disputed by Moscow
Tuesday, 23 July 2019 23:39 WIB | GLOBAL |Global

South Korean air force jets fired 360 rounds of warning shots Tuesday after a Russian military plane twice violated South Korea's airspace off the country's east coast, Seoul officials said in an announcement that was quickly disputed by Russia.

South Korea said three Russian military planes ” two Tu-95 bombers and one A-50 airborne early warning and control aircraft ” entered the South's air defense identification zone off its east coast before the A-50 intruded in South Korean airspace. Russia said later that two of its Tu-95MS bombers were on a routine flight over neutral waters and didn't enter South Korean territory.

According to South Korean government accounts, an unspecified number of South Korean fighter jets, including F-16s, scrambled to the area and fired 10 flares and 80 rounds from machine guns as warning shots.

Seoul defense officials said the Russian reconnaissance aircraft left the area three minutes later but later returned and violated South Korean airspace again for four minutes. The officials said the South Korean fighter jets then fired 10 flares and 280 rounds from machine guns as warning shots.

South Korea said it was the first time a foreign military plane had violated South Korean airspace since the end of the 1950-53 Korean War.

South Korea's Foreign Ministry and the Joint Chiefs of Staff summoned Russia's acting ambassador and its defense attache to protest.

Source : VOA

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POPULAR NEWS
Gold Edges Up On U.S.-China Tensions; Set For Second Monthly Gain

Gold inched up on Friday and was on track for its second monthly gain as deteriorating U.S.-China ties in a world reeling from the coronavirus pandemic rattled investors and fueled demand for the safe-haven metal. Spot gold was up 0.1% at $1,719.47 per ounce by 0342 GMT. U.S. gold futures rose 0.3% to $1,717.60. However, the metal was down for the week, having dropped to a two-week low on Wednesday as easing lockdown measures around the world boosted hopes of an economic recovery. Source :...

Gold Rises Friday and Set for Weekly Gain as Investors Await President Trump Statement on China

Gold futures headed higher for a second session Friday, putting gold prices on track for a modest weekly gain amid focus on U.S.-China tensions and global monetary stimulus measures. President Donald Trump said that he was preparing to hold a Friday news conference on China but hasn't set a specific time. His planned remarks would come after the U.S., Australia, Canada and the U.K. governments issued a joint statement Thursday reiterating their "deep concern regarding Beijing's decision to...

Dollar In Narrow Range As Focus Shifts To Trump China Response

The dollar was hemmed into a narrow trading range on Friday as traders™ focus shifted to U.S. President Donald Trump™s response to China™s passage of a national security law for Hong Kong. The yuan pulled away from a record low in offshore trade, but investors remain nervous ahead of Trump™s announcement later on Friday of policy moves that could ignite a diplomatic row between Washington and Beijing. The greenback was on course for a weekly loss against major currencies as progress...

Powell Says The Fed is 'Days Away' from Making The First Loans in The Main Street Lending Facility

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just about ready, Powell told Princeton University economist and former Fed official Alan Blinder in a webinar interview Friday. "We're days away from making our first loans in Main Street, he said. "We...

Gold futures end higher, up more than 3% for the month

Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal. Meanwhile, Federal Reserve Chairman Jerome Powell said Friday that while he was a bit less tense about the economy, he is still concerned about a potential "second wave" of the coronavirus outbreak. Against that backdrop, August gold climbed by $23.40, or nearly 1.4%, to settle at $1,751.70 an ounce. Most-active futures contract prices ended the month with a gain...

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