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POPULAR NEWS
Gold Marks First Loss in 4 Sessions

Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in interest rates, but raised doubts over the outlook for further monetary easing this year. "The Fed is, without a doubt, a headwind at this juncture," said Adam Koos, president of Libertas Wealth Management Group. "However, the [stock] market testing summer highs is putting a damper on the fear trade," and haven demand for gold. December gold declined...

Oil Steadies as Saudis Pledge Swift Return of Lost Production

Oil held its decline from the dramatic spike earlier in the week as supply assurances from Saudi Arabia and the International Energy Agency calmed the market after the devastating weekend attacks. West Texas Intermediate crude for October delivery rose 8 cents, or 0.1%, to $58.19 a barrel on the New York Mercantile Exchange as of 10:09 a.m. in Singapore. It dropped 2.1% Wednesday following a 5.7% decline on Tuesday. Brent for November settlement added 6 cents...

Gold loses ground after Fed delivers 'hawkish cut' to interest rates

Gold was modestly lower Thursday, building on a loss seen a day earlier after the Federal Reserve delivered a widely expected interest rate cut but left traders uncertain on the outlook for further monetary easing. Gold for December delivery on Comex fell $6.80, or 0.4%, to $1,509 an ounce, while December silver was up a penny at $17.92 an ounce. Gold finished regular trading with a gain on Wednesday, but lost ground in electronic trade after the Fed decision. As expected, policy makers cut...

Pompeo: 'Important Information' for Trump After Mideast Talks on Saudi Oil Field Attacks

U.S. Secretary of State Mike Pompeo said Thursday he has "important information" for President Donald Trump about how to respond to the recent attack on Saudi Arabia's oil facilities after meeting with leaders in Saudi Arabia and the United Arab Emirates. The top U.S. diplomat said there was "enormous consensus" that Iran was responsible for the middle-of-the-night missile and drone attacks last weekend that at least temporarily knocked out half of the Saudis' oil production, nearly 6% of the...

Gold edges lower after Fed delivers mixed signals

Gold prices edged lower on Thursday as investors remained cautious after the U.S. Federal Reserve cut interest rates as expected but delivered mixed signals about its next move. Spot gold was 0.3% lower at $1,489.73 per ounce, as of 01:02 GMT. Prices fell as much as 1% in the previous session before settling down 0.6%. U.S. gold futures were down 1.2% at $1,497.5 per ounce. The dollar stood tall on Thursday, while Asian shares edged higher tracking some modest Wall Street gains. The Fed...

Iran: Oil Tanker Pursued by US Sells its Cargo
Monday, 9 September 2019 10:50 WIB | GLOBAL |Global

An Iranian oil tanker at the center of a major diplomatic dispute with the United States has sold its cargo in violations of international sanctions, Iran said.

"The Adrian Darya oil tanker finally docked on the Mediterranean coast ... and unloaded its cargo," Iran's state news agency IRNA quoted Foreign Ministry spokesman Abbas Mousavi as saying on Sunday. He didn't elaborate on the country involved.

The tanker was carrying 2.1 million barrels of Iranian crude oil. The tanker went dark last week and has been photographed by a satellite off the coast of Syria.

The ship was detained by British Marines off Gibraltar in July after it was suspected of violating European Union sanctions against oil sales to Syria. It was held in the British territory for six weeks and eventually released, over the objections of the U.S., after Gibraltar said it has received assurances that it would not head for any countries under EU sanctions.

Since then, U.S. has pursued the tanker, tried to offer a multi-million dollar bribe to its captain to turn over the ship and issued sanctions against its crew.

Source : VOA News

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POPULAR NEWS
Gold Marks First Loss in 4 Sessions

Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in interest rates, but raised doubts over the outlook for further monetary easing this year. "The Fed is, without a doubt, a headwind at this juncture," said Adam Koos, president of Libertas Wealth Management Group. "However, the [stock] market testing summer highs is putting a damper on the fear trade," and haven demand for gold. December gold declined...

Oil Steadies as Saudis Pledge Swift Return of Lost Production

Oil held its decline from the dramatic spike earlier in the week as supply assurances from Saudi Arabia and the International Energy Agency calmed the market after the devastating weekend attacks. West Texas Intermediate crude for October delivery rose 8 cents, or 0.1%, to $58.19 a barrel on the New York Mercantile Exchange as of 10:09 a.m. in Singapore. It dropped 2.1% Wednesday following a 5.7% decline on Tuesday. Brent for November settlement added 6 cents...

Gold loses ground after Fed delivers 'hawkish cut' to interest rates

Gold was modestly lower Thursday, building on a loss seen a day earlier after the Federal Reserve delivered a widely expected interest rate cut but left traders uncertain on the outlook for further monetary easing. Gold for December delivery on Comex fell $6.80, or 0.4%, to $1,509 an ounce, while December silver was up a penny at $17.92 an ounce. Gold finished regular trading with a gain on Wednesday, but lost ground in electronic trade after the Fed decision. As expected, policy makers cut...

Pompeo: 'Important Information' for Trump After Mideast Talks on Saudi Oil Field Attacks

U.S. Secretary of State Mike Pompeo said Thursday he has "important information" for President Donald Trump about how to respond to the recent attack on Saudi Arabia's oil facilities after meeting with leaders in Saudi Arabia and the United Arab Emirates. The top U.S. diplomat said there was "enormous consensus" that Iran was responsible for the middle-of-the-night missile and drone attacks last weekend that at least temporarily knocked out half of the Saudis' oil production, nearly 6% of the...

Gold edges lower after Fed delivers mixed signals

Gold prices edged lower on Thursday as investors remained cautious after the U.S. Federal Reserve cut interest rates as expected but delivered mixed signals about its next move. Spot gold was 0.3% lower at $1,489.73 per ounce, as of 01:02 GMT. Prices fell as much as 1% in the previous session before settling down 0.6%. U.S. gold futures were down 1.2% at $1,497.5 per ounce. The dollar stood tall on Thursday, while Asian shares edged higher tracking some modest Wall Street gains. The Fed...

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