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POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil values skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold on Comex gained $12, or 0.8%, to settle at $1,511.50 an ounce, after registering on Friday a weekly decline of 1.1%. The settlement was the highest for a most-active contract since Sept. 6, FactSet data show. Silver for December delivery...

Gold Notches Second Straight Gain, Adds to Climb Toward 1-Week High

Gold futures on Tuesday marked a second gain in a row, extending a climb to the highest price in about a week. Traders continued to monitor developments tied to the attacks on Saudi Arabian oil-infrastructure as they shifted focus to the Federal Reserve decision Wednesday on interest rates. December gold on Comex tacked on $1.90, or 0.1%, to settle at $1,513.40 an ounce, after a 0.8% gain on Monday. Prices for the most-active contract marked their highest settlement since Sept. 6 for a...

Oil Rallies 15%, With U.S. Prices Settling at Their Highest in 4 Months

Oil futures rallied Monday, as a weekend attack on Saudi oil facilities cut the kingdom's daily crude production down by more than half, sparking concerns of a potentially prolonged supply shortage. The news sparked talk of $100 oil prices, but that scenario "would only occur if there is an all-out war between Saudi Arabia and Iran," said Jay Hatfield, portfolio manager of the Infracap MLP exchange-traded fund. "If production is restored and there is no escalation of tensions, we would expect...

U.S. Stocks End Modestly Higher Ahead Of Fed Decision

U.S. stocks finished with modest gains Tuesday, a day ahead of the outcome of a Federal Reserve policy meeting that's expected to deliver a rate cut. The Dow Jones Industrial Average rose around 31 points, or 0.1%, to end near 27,108, according to preliminary figures, while the S&P 500 gained around 8 points, or 0.3%, to close near 3,006. The Nasdaq Composite finished near 8,186, a gain of around 32 points, or 0.4%. Stocks bounced back from modest losses seen a day earlier when oil prices...

Oil's Dramatic Advance Pauses as Market Awaits Saudi Clarity

Oil's record-breaking advance paused on Tuesday as the market awaited clarity on how long it'll take Saudi Arabia to restore output that was cut in half by the devastating attacks on its production facilities. It was a subdued start to trading after the fireworks on Monday, when Brent crude rose the most on record and U.S. futures jumped more than 15%. All eyes are on how fast the kingdom can recover from the strike, which knocked out about 5% of global supply....

North Korea Fires More Weapons; Criticizes South Korea
Friday, 16 August 2019 23:54 WIB | GLOBAL |Global

North Korea has launched a fresh round of short-range weapons into the sea off its east coast, South Korea™s military reported - Pyongyang™s latest apparent outburst of anger at continued U.S.-South Korean military drills.

The North fired two œunidentified projectiles Friday from Gangwon province in the northeast part of North Korea, according to a statement from Seoul™s Joint Chiefs of Staff. The weapons traveled about 230 kilometers, reaching a height of 30 kilometers, the statement said.

North Korea has conducted six launches in about the past three weeks. Combined with a series of aggressive statements toward South Korea, the launches mark a return to a more provocative stance for Pyongyang, which has refused to hold talks with Seoul or Washington.

Following an emergency meeting Friday, South Korea™s National Security Council called on North Korea to stop the launches and warned that such activity may increase military tensions.

Though it isn™t clear what North Korea launched Friday, the North™s other recent tests involved short-range ballistic missiles that appear designed to evade U.S.-South Korean missile defenses.

North Korea is banned from any ballistic missile activity under United Nations Security Council resolutions. But U.S. President Donald Trump says he has "no problem" with the missile tests, saying they can't reach the United States.

Source : VOA

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POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil values skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold on Comex gained $12, or 0.8%, to settle at $1,511.50 an ounce, after registering on Friday a weekly decline of 1.1%. The settlement was the highest for a most-active contract since Sept. 6, FactSet data show. Silver for December delivery...

Gold Notches Second Straight Gain, Adds to Climb Toward 1-Week High

Gold futures on Tuesday marked a second gain in a row, extending a climb to the highest price in about a week. Traders continued to monitor developments tied to the attacks on Saudi Arabian oil-infrastructure as they shifted focus to the Federal Reserve decision Wednesday on interest rates. December gold on Comex tacked on $1.90, or 0.1%, to settle at $1,513.40 an ounce, after a 0.8% gain on Monday. Prices for the most-active contract marked their highest settlement since Sept. 6 for a...

Oil Rallies 15%, With U.S. Prices Settling at Their Highest in 4 Months

Oil futures rallied Monday, as a weekend attack on Saudi oil facilities cut the kingdom's daily crude production down by more than half, sparking concerns of a potentially prolonged supply shortage. The news sparked talk of $100 oil prices, but that scenario "would only occur if there is an all-out war between Saudi Arabia and Iran," said Jay Hatfield, portfolio manager of the Infracap MLP exchange-traded fund. "If production is restored and there is no escalation of tensions, we would expect...

U.S. Stocks End Modestly Higher Ahead Of Fed Decision

U.S. stocks finished with modest gains Tuesday, a day ahead of the outcome of a Federal Reserve policy meeting that's expected to deliver a rate cut. The Dow Jones Industrial Average rose around 31 points, or 0.1%, to end near 27,108, according to preliminary figures, while the S&P 500 gained around 8 points, or 0.3%, to close near 3,006. The Nasdaq Composite finished near 8,186, a gain of around 32 points, or 0.4%. Stocks bounced back from modest losses seen a day earlier when oil prices...

Oil's Dramatic Advance Pauses as Market Awaits Saudi Clarity

Oil's record-breaking advance paused on Tuesday as the market awaited clarity on how long it'll take Saudi Arabia to restore output that was cut in half by the devastating attacks on its production facilities. It was a subdued start to trading after the fireworks on Monday, when Brent crude rose the most on record and U.S. futures jumped more than 15%. All eyes are on how fast the kingdom can recover from the strike, which knocked out about 5% of global supply....

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