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POPULAR NEWS
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...

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 futures post a nearly 4% weekly gain

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary. April gold rose $28.30, or nearly 1.8%, to settle at $1,648.80 an ounce. The weekly percentage climb was the largest since June, according to FactSet...

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...

USD/JPY struggles around 112.00 amid fresh risk-off, Japan data

USD/JPY seesaws around 112.00 amid the initial minutes of the Tokyo open on Friday. The yen pair recently surged to the highest since April 2019 following the broad US dollar rally and weakness of the Japanese fundamentals. The Japanese yen is now under pressure following the downbeat fundamentals at home. Not only the Asian economy™s sustained failures to reach 2.0% target inflation but the disappointing figures of the fourth quarter (Q4) GDP also raised doubts on the JPY™s safe-haven...

Trump Says He Wants Russia Back at G-7 Summits
Thursday, 22 August 2019 17:14 WIB | GLOBAL |Global

U.S. President Donald Trump said Wednesday he wants Russia back at the Group of Seven summits of the world's leading economies, even though it still controls Ukraine's Crimean Peninsula.

Moscow was booted from the group over its unilateral 2014 annexation of the peninsula.

As the G-7 leaders head to the French Atlantic seaside town of Biarritz for their annual meeting this weekend, Trump said it would make sense for Russian President Vladimir Putin to be part of the group again.

Trump seemed unconcerned that Russia considers Crimea part of its territory, instead blaming former U.S. President Barack Obama for Russia's takeover of Crimea.

"They took over during [Obama's] term, not mine," Trump said. "The fact is President Putin totally outsmarted President Obama on Crimea and other things. He made a living on outsmarting President Obama and frankly because of it, Obama was upset and he got [Putin] out of what was the G-8 into the G-7."

"We spend a lot of time talking about Russia at those meetings and they're not there," Trump told reporters Wednesday as he fielded questions on the White House driveway. "I think it would be a good thing if Russia were there, so we could speak directly, not have to speak by telephone."

Trump added, "We're looking for world peace, trade and other things. It would be a lot easier to have Russia in where they had always been."

A day earlier, Trump said that if another country at this week's summit moved to readmit Russia, "I would certainly be disposed to think about it very favorably."

The G-7 includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the U.S., described by the International Monetary Fund as the world's seven largest advanced economies, representing 58% of the global net wealth. China is the world's second-biggest economy, after the U.S., but is not part of the G-7. Russia has the world's 12th largest economy.

It was not immediately clear whether any of the other countries support Russia rejoining the G-7 to again make it the G-8.

The White House says Trump and French President Emmanuel Macron agree that Russia should be invited to the 2020 G-7 meeting, when Trump is hosting it in the United States.

However, Macron took a firmer stance Wednesday against simply letting Russia rejoin the G-7 without resolving the Ukraine conflict, where, aside from the Crimean annexation, Russian-supported insurgents have fought Ukrainian forces in eastern Ukraine for years, killing thousands.

"I think to say that without any conditions Russia can return to the table would be signing off the weakness of the G-7," Macron said. "It would be a strategic error for us and the consecration of this age of impunity."

Macron said that while it is important to discuss international affairs with Russia, the Ukraine crisis must be resolved before Russia can return to the G-7.

Source : VOA

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POPULAR NEWS
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...

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 futures post a nearly 4% weekly gain

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary. April gold rose $28.30, or nearly 1.8%, to settle at $1,648.80 an ounce. The weekly percentage climb was the largest since June, according to FactSet...

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...

USD/JPY struggles around 112.00 amid fresh risk-off, Japan data

USD/JPY seesaws around 112.00 amid the initial minutes of the Tokyo open on Friday. The yen pair recently surged to the highest since April 2019 following the broad US dollar rally and weakness of the Japanese fundamentals. The Japanese yen is now under pressure following the downbeat fundamentals at home. Not only the Asian economy™s sustained failures to reach 2.0% target inflation but the disappointing figures of the fourth quarter (Q4) GDP also raised doubts on the JPY™s safe-haven...

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