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POPULAR NEWS
Gold futures marks highest settlement since March 2013

Gold futures rallied on Tuesday to log their highest finish since late March 2013, with analysts attributing the rise to expectations for central bank stimulus as the spread of COVID-19 raised concerns about the global economy. April gold rose $17.20, or 1.1%, to settle at $1,603.60 an ounce. That was the highest most-active contract settlement since March 27, 2013, FactSet data show. Source : MarketWatch

Gold Scales Two-Week High as Coronavirus Hits Business

Gold climbed to a two-week high on Tuesday as investors sought safe havens after a revenue warning from iPhone maker Apple due to coronavirus, exacerbating fears of the outbreak's impact on global economic growth. Spot gold was up 0.4% at $1,587.06 per ounce, having earlier risen to its highest since Feb. 3 at $1,589.40. U.S. gold futures inched up 0.3% to $1,590.20. Gold is considered a hedge against risks from political and economic turmoil. Apple's warning that its sales would fall short...

Gold futures tally a fifth straight session climb

Gold futures climbed on Wednesday for a fifth consecutive session, marking another settlement at their highest since March 2013, with strength in U.S. equities failing to pressure prices for the haven metal. "I believe retail investors are pouring into equities, while institutional investors are a little more cautious and seeking safe haven exposure," said Jeff Wright, executive vice president of GoldMining Inc. April gold rose $8.20, or 0.5%, to settle at $1,611.80 an ounce, ahead of the...

Gold Rises on Mounting Business Impact From Virus Outbreak

Gold rose to a two-week high on Tuesday, spurred by demand for safe-havens after iPhone maker Apple Inc™s revenue warning underscored the financial fallout of the coronavirus epidemic in China. Spot gold was up 0.4% at $1,586.32 per ounce as of 0246 GMT. Earlier in the session, prices touched their highest since Feb. 3 at $1,586.90. U.S. gold futures inched up by 0.2% to $1,589.30. Apple is one of the largest Western firms to be hurt by the epidemic. It said manufacturing facilities in...

Oil settles unchanged, paring early losses

Oil prices were little changed on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. Brent crude was up 8 cents at $57.75 per barrel. U.S. West Texas Intermediate crude futures settled unchanged at $52.05. Earlier in the session WTI fell to a session low of $51.15 per barrel. Though new cases of the coronavirus in mainland China have dipped, global experts said it was...

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 futures marks highest settlement since March 2013

Gold futures rallied on Tuesday to log their highest finish since late March 2013, with analysts attributing the rise to expectations for central bank stimulus as the spread of COVID-19 raised concerns about the global economy. April gold rose $17.20, or 1.1%, to settle at $1,603.60 an ounce. That was the highest most-active contract settlement since March 27, 2013, FactSet data show. Source : MarketWatch

Gold Scales Two-Week High as Coronavirus Hits Business

Gold climbed to a two-week high on Tuesday as investors sought safe havens after a revenue warning from iPhone maker Apple due to coronavirus, exacerbating fears of the outbreak's impact on global economic growth. Spot gold was up 0.4% at $1,587.06 per ounce, having earlier risen to its highest since Feb. 3 at $1,589.40. U.S. gold futures inched up 0.3% to $1,590.20. Gold is considered a hedge against risks from political and economic turmoil. Apple's warning that its sales would fall short...

Gold futures tally a fifth straight session climb

Gold futures climbed on Wednesday for a fifth consecutive session, marking another settlement at their highest since March 2013, with strength in U.S. equities failing to pressure prices for the haven metal. "I believe retail investors are pouring into equities, while institutional investors are a little more cautious and seeking safe haven exposure," said Jeff Wright, executive vice president of GoldMining Inc. April gold rose $8.20, or 0.5%, to settle at $1,611.80 an ounce, ahead of the...

Gold Rises on Mounting Business Impact From Virus Outbreak

Gold rose to a two-week high on Tuesday, spurred by demand for safe-havens after iPhone maker Apple Inc™s revenue warning underscored the financial fallout of the coronavirus epidemic in China. Spot gold was up 0.4% at $1,586.32 per ounce as of 0246 GMT. Earlier in the session, prices touched their highest since Feb. 3 at $1,586.90. U.S. gold futures inched up by 0.2% to $1,589.30. Apple is one of the largest Western firms to be hurt by the epidemic. It said manufacturing facilities in...

Oil settles unchanged, paring early losses

Oil prices were little changed on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. Brent crude was up 8 cents at $57.75 per barrel. U.S. West Texas Intermediate crude futures settled unchanged at $52.05. Earlier in the session WTI fell to a session low of $51.15 per barrel. Though new cases of the coronavirus in mainland China have dipped, global experts said it was...

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