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POPULAR NEWS
Gold futures mark highest settlement in 7 years

Gold futures climbed on Thursday for a sixth consecutive session to log their highest settlement since February 2013. "Coronavirus fears magnetized investors towards safe-haven assets," said Lukman Otunuga, senior research analyst at FXTM. "With the virus outbreak fostering uncertainty, unease and anxiety across the board, gold is set to shine through the chaos." April gold rose $8.70, or 0.5%, to settle at $1,620.50 an ounce. Source: Marketwatch

Gold Rises, Set For Best Week in Over a Month as Virus Rapidly Spreads

Gold prices hit their highest in seven years on Friday and were set to post their best week in one-and-a-half months, as demand for the safe-heaven asset was boosted by a surge in new coronavirus cases in South Korea. South Korea reported 52 new cases of the virus, taking the national total to 156, while Japan reported the first fatalities from aboard a cruise ship that accounts for the biggest cluster of infections outside China. Spot gold rose 0.4% to $1,625.05 per ounce by 0409 GMT, after...

Oil posts 6th positive session in 7 on smaller-than-expected inventory build

Oil prices rose on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China. Data from the U.S. Energy Information Administration (EIA) showed that crude inventories rose only 414,000 barrels last week, compared with expectations of a 2.5 million barrel rise from analysts in a Reuters poll. Brent crude rose 47 cents, or 0.8%, to $59.59 per barrel. The front-month U.S. West...

Gold Hits New 7-Year High as Virus Prompts More Upgrades

Gold prices surged to fresh seven-year highs as portfolio investors flocked to haven assets as the coronavirus spread menacingly outside of China. The number of confirmed cases in South Korea leaped to over 200, putting investors on alert for signs that the virus may be difficult to contain even in countries with advanced health care systems (and reliable data). By 7:45 AM ET (1245 GMT), gold futures for delivery on the Comex exchange were up 1.1% at $1637,65 a troy ounce, only a whisker...

Gold Steady Near 7-Year Peak as Persistent Virus Fears Dampen China Stimulus

Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage from China™s coronavirus epidemic that eclipsed Beijing™s stimulus efforts. Spot gold was little changed at $1,619.33 per ounce by 0108 GMT. In the previous session, bullion prices had hit a seven-year high at $1,623.45. U.S. gold futures were up 0.1% to $1,622.60. Daegu, a city of 2.5 million people in South Korea, has become the latest...

US Tests 1st Ground Missile Previously Banned in Dissolved Arms Treaty
Tuesday, 20 August 2019 13:17 WIB | GLOBAL |AmerikaGlobalRusia

The Pentagon says the U.S. military has tested a ground-based cruise missile with a range that would have been banned just three weeks ago. The missile, launched Sunday at San Nicolas Island, California, "accurately impacted its target after more than 500 kilometers of flight," the Pentagon announced in a news release Monday.

"Data collected and lessons learned from this test will inform the Department of Defense's development of future intermediate-range capabilities," it added.

The United States previously was unable to pursue ground-based missiles with a range of 500 to 5,500 kilometers because of the Intermediate-Range Nuclear Forces (INF) Treaty, a decades-old arms control pact with Russia.

Washington withdrew from that pact on Aug. 2, citing years of Russian violations.

The Pentagon stressed that the cruise missile was configured to carry a conventional payload, not a nuclear weapon.

New Secretary of Defense Mark Esper has said that if the U.S. military develops a fully operational mobile ground-launched cruise missile system, he wants to see American ground-based intermediate-range conventional missiles deployed to Asia.

Speaking to reporters earlier this month on his first international trip as head of the Defense Department, Esper said the weapons were important due to the "the great distances" covered in the Indo-Pacific region.

"It's about time that we were unburdened by the treaty and kind of allowed to pursue our own interests, and our NATO allies share that view as well," Esper said.

He declined to discuss when or where in Asia the missiles could be deployed until the weapons were ready, but said he hoped the deployments come within months.

While analysts have primarily focused on what the INF treaty withdrawal means for signatory nations Russia and the United States, the change also allows the United States to strengthen its position against China.

Esper said more than 80 percent of China's missile inventory has a range of 500 to 5,500 kilometers.

Source : VOA

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POPULAR NEWS
Gold futures mark highest settlement in 7 years

Gold futures climbed on Thursday for a sixth consecutive session to log their highest settlement since February 2013. "Coronavirus fears magnetized investors towards safe-haven assets," said Lukman Otunuga, senior research analyst at FXTM. "With the virus outbreak fostering uncertainty, unease and anxiety across the board, gold is set to shine through the chaos." April gold rose $8.70, or 0.5%, to settle at $1,620.50 an ounce. Source: Marketwatch

Gold Rises, Set For Best Week in Over a Month as Virus Rapidly Spreads

Gold prices hit their highest in seven years on Friday and were set to post their best week in one-and-a-half months, as demand for the safe-heaven asset was boosted by a surge in new coronavirus cases in South Korea. South Korea reported 52 new cases of the virus, taking the national total to 156, while Japan reported the first fatalities from aboard a cruise ship that accounts for the biggest cluster of infections outside China. Spot gold rose 0.4% to $1,625.05 per ounce by 0409 GMT, after...

Oil posts 6th positive session in 7 on smaller-than-expected inventory build

Oil prices rose on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China. Data from the U.S. Energy Information Administration (EIA) showed that crude inventories rose only 414,000 barrels last week, compared with expectations of a 2.5 million barrel rise from analysts in a Reuters poll. Brent crude rose 47 cents, or 0.8%, to $59.59 per barrel. The front-month U.S. West...

Gold Hits New 7-Year High as Virus Prompts More Upgrades

Gold prices surged to fresh seven-year highs as portfolio investors flocked to haven assets as the coronavirus spread menacingly outside of China. The number of confirmed cases in South Korea leaped to over 200, putting investors on alert for signs that the virus may be difficult to contain even in countries with advanced health care systems (and reliable data). By 7:45 AM ET (1245 GMT), gold futures for delivery on the Comex exchange were up 1.1% at $1637,65 a troy ounce, only a whisker...

Gold Steady Near 7-Year Peak as Persistent Virus Fears Dampen China Stimulus

Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage from China™s coronavirus epidemic that eclipsed Beijing™s stimulus efforts. Spot gold was little changed at $1,619.33 per ounce by 0108 GMT. In the previous session, bullion prices had hit a seven-year high at $1,623.45. U.S. gold futures were up 0.1% to $1,622.60. Daegu, a city of 2.5 million people in South Korea, has become the latest...

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