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POPULAR NEWS
Gold futures finish lower for a second straight session

Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a return of aggressive investment buying," said analysts at Zaner Metals, in a daily note. "The trade could be fearful about the potential for a sustained setback in Chinese physical gold...

Gold Climbs as Trump Comments Fail to Ease Virus Fears

Gold rose for the seventh time in eight days as investors continued to weigh the impact of the coronavirus outbreak, with comments by the Trump administration failing to allay concerns about the disease. More cases were reported in countries other than China in the past 24 hours for the first time, the World Health Organization said, with new infections in nations from Pakistan to Brazil. President Donald Trump assured Americans that they face little risk, although...

Gold Advances as Virus Fears Reignite Haven Demand

Gold rebounded after the U.S. Centers for Disease Control and Prevention warned Americans to prepare for a potential coronavirus outbreak at home and the total number of cases in South Korean topped the 1,000 mark. Spot gold as much as +0.7% to $1,646.33/oz, and was at $1,643.66 at 9:18am in Singapore Metal -1.5% Tuesday after touching $1,689.31 on Monday, the highest level since 2013 Bloomberg Dollar Spot Index steady after -0.2% Tuesday Other precious metals:...

Oil futures settle at lowest in over a year

Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session. April West Texas Intermediate oil fell $1.17, or 2.3%, to settle at $48.73 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data. Source : MarketWatch

Dollar Rises With Stocks, Investors Stay Cautious

The U.S. dollar rebounded on Wednesday from a two-week low hit in the previous session in step with U.S. equity markets, though moves were muted as investors remained cautious as the coronavirus continues to spread. The dollar index was 0.13% higher at 99.144 as Wall Street™s main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year. The dollar was also dented as investors scaled back expectations that the U.S. Federal Reserve would...

US 'Concerned' by Reports of Chinese Military Movement Near Hong Kong Border
Thursday, 15 August 2019 10:50 WIB | GLOBAL |Global

The United States says it is "deeply concerned" by reports of Chinese paramilitary movement along the border with Hong Kong, the Chinese territory that has seen 10 consecutive weeks of pro-democracy demonstrations.

"We encourage China and all parties in Hong Kong to pursue a solution that respects the liberty of Hongkongers and Hong Kong™s high degree of autonomy, as enshrined in the Sino-British Joint Declaration," a State Department spokesperson said. "It is important for the Hong Kong government to respect the freedoms of speech and peaceful assembly, as enshrined in the Sino-British Joint Declaration, and for China to respect Hong Kong's high degree of autonomy."

On Wednesday, White House national security adviser John Bolton warned China to show restraint in its handling of the protests in Hong Kong.

"Something like 60% of the investment in mainland China goes through Hong Kong. Why? Because it has a judicial system that's trustworthy, based on the English model that we know in this country. The courts are thought to be impartial," Bolton told VOA Contributor Greta Van Susteren. "If Hong Kong loses that reputation because of a bad decision by the Chinese government, they'll have significant economic consequences in China this time, and I can tell you from what I've heard, just in the past few weeks, the mood in Congress is very volatile at this point, and a misstep by the Chinese government, I think, would cause an explosion on Capitol Hill."

He said China needs to learn from its past. "The Chinese have to look very carefully at the steps they take, because people in America remember Tiananmen Square," Bolton said. "They remember the picture of the man standing in front of the line of tanks, they remember the statue of Lady Liberty, they remember voices of the Chinese people asking for freedom and democracy, and they remember the repression of the Chinese government in 1989. It would be a big mistake to create a new memory like that in Hong Kong."

As protests have escalated in recent days, China's state-run media have showed videos of security forces gathering across the border in mainland China.

U.S. President Donald Trump said Tuesday on Twitter, "Our Intelligence has informed us that the Chinese Government is moving troops to the Border with Hong Kong. Everyone should be calm and safe!" 

In comments to reporters Tuesday, Trump, who last week took a hands-off stance on the protests, said the Hong Kong situation "is a very tough situation, very tough. We'll see what happens, but I'm sure it will work out." He expressed the hope that no one would get hurt and "for liberty."

There have been fierce clashes between demonstrators and police on Hong Kong's streets. Violence also erupted at the international airport late Tuesday as riot police clashed with pro-democracy demonstrators who had taken over the airport for two straight days.

"We condemn violence and urge all sides to exercise restraint, but remain staunch in our support for freedom of expression and freedom of peaceful assembly in Hong Kong," the State Department spokesperson said.

Hong Kong residents have been protesting over their perceived erosion of freedom and lack of autonomy under Chinese control of the territory. The protests present the biggest challenge to Chinese rule of the semi-autonomous territory since its 1997 handover from Britain.

Source : VOA

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POPULAR NEWS
Gold futures finish lower for a second straight session

Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a return of aggressive investment buying," said analysts at Zaner Metals, in a daily note. "The trade could be fearful about the potential for a sustained setback in Chinese physical gold...

Gold Climbs as Trump Comments Fail to Ease Virus Fears

Gold rose for the seventh time in eight days as investors continued to weigh the impact of the coronavirus outbreak, with comments by the Trump administration failing to allay concerns about the disease. More cases were reported in countries other than China in the past 24 hours for the first time, the World Health Organization said, with new infections in nations from Pakistan to Brazil. President Donald Trump assured Americans that they face little risk, although...

Gold Advances as Virus Fears Reignite Haven Demand

Gold rebounded after the U.S. Centers for Disease Control and Prevention warned Americans to prepare for a potential coronavirus outbreak at home and the total number of cases in South Korean topped the 1,000 mark. Spot gold as much as +0.7% to $1,646.33/oz, and was at $1,643.66 at 9:18am in Singapore Metal -1.5% Tuesday after touching $1,689.31 on Monday, the highest level since 2013 Bloomberg Dollar Spot Index steady after -0.2% Tuesday Other precious metals:...

Oil futures settle at lowest in over a year

Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session. April West Texas Intermediate oil fell $1.17, or 2.3%, to settle at $48.73 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data. Source : MarketWatch

Dollar Rises With Stocks, Investors Stay Cautious

The U.S. dollar rebounded on Wednesday from a two-week low hit in the previous session in step with U.S. equity markets, though moves were muted as investors remained cautious as the coronavirus continues to spread. The dollar index was 0.13% higher at 99.144 as Wall Street™s main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year. The dollar was also dented as investors scaled back expectations that the U.S. Federal Reserve would...

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