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POPULAR NEWS
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 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...

Oil Recovery Falters in Face of Renewed Concern Over Virus

Oil fell, paring this week™s gain, as renewed concern over the impact of the coronavirus overshadowed hopes that China™s stimulus efforts will cushion the blow to demand. Futures in New York fell 1.6%, yet remain about 2% higher this week after China, South Korea and Singapore started rolling out measures to protect economic growth as the virus hits businesses and travel. Commodities had rallied prematurely, focusing on the planned stimulus and ignoring the immediate disruption, according...

Coronavirus Cases in Hubei Rise After Declining for 2 Days

The number of new coronavirus cases in China's Hubei province rose Friday after two straight days of declines, but the increase was still the smallest since the end of January. The Hubei health commission reported 411 new cases Friday, up from Thursday's count of 349. It also reported 115 new deaths. Hubei, and its provincial capital of Wuhan, is where the outbreak began in December. World Health Organization Director-General Tedros Adhanom Ghebreyesus said Thursday that the numbers out of...

Hong Kong Stocks Close Lower on Virus Worries (Review)

Hong Kong stocks closed sharply lower Friday as the rising toll from the deadly coronavirus outside China fanned fears the epidemic's impact on earnings and economic growth could be worse than anticipated. The Hang Seng Index fell 1.1 percent, or 300.35 points, to 27,308.81. Mainland China's benchmark Shanghai Composite Index closed up 0.3 percent, or 9.52 points, to 3,039.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, was up 1.1 percent, or 21.21 points,...

Democrats See Encouraging Signs for 2020 in Tuesday's Elections
Friday, 8 November 2019 18:24 WIB | GLOBAL |Global

U.S. Democrats are celebrating election victories in the states of Virginia and Kentucky that could point to trouble for Republican President Donald Trump and his bid for re-election next year.

Thanks to support from suburban voters, Democrats took control of both chambers of the state legislature in Virginia, a boon to the state's Democratic Governor Ralph Northam.

"Because I am here to officially declare today, November the 5th, 2019, that Virginia is officially blue (Democratic). Congratulations!" Northam told the crowd on election night.

Democrat Andy Beshear declared victory in the governor's race in Kentucky over incumbent Republican Matt Bevin. Beshear said he won with a focus on local issues, perhaps a lesson for Democrats nationwide.

"My message would be that this race is not about who is in the White House.  It is about what is going on in your house," he said.

Bevin, perhaps the least popular state governor in the country, has yet to concede but had hoped a last-minute push from Trump would carry him to victory.

"Kentucky is leading the way and we support the president of the United States, Donald J. Trump!" he said.

Trump had better luck in conservative Mississippi, where he rallied support for the winning gubernatorial candidate, Republican Tate Reeves.

"The national liberals believe that if they can come to Mississippi and win this election, that it will hurt Donald Trump in 2020," Reeves said.

National Democrats were encouraged by the latest results including party Chairman Tom Perez.

"Yesterday's victory was a victory for all Democrats and, I think, it was a victory for our Democratic values," Perez said, " and I cannot say enough about all the great partners in the ecosystem."

Republican support among suburban voters was down in this latest round of voting and polls also show the president is losing ground with independent voters as he looks ahead to next year's election.

Trump remains intensely focused on his political base, says Susan Page of USA Today newspaper.

"Maybe the biggest surprise of the Trump presidency, and I say that recognizing there have been all kinds of surprises, is that he has not from the day of his inauguration tried to expand his support.  He has focused almost exclusively on fortifying the support of his core backers," Page said.

Trump trails his main Democratic rivals in some new national polls but does better in surveys of key battleground states that he narrowly won in 2016.

Source : VOA

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POPULAR NEWS
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 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...

Oil Recovery Falters in Face of Renewed Concern Over Virus

Oil fell, paring this week™s gain, as renewed concern over the impact of the coronavirus overshadowed hopes that China™s stimulus efforts will cushion the blow to demand. Futures in New York fell 1.6%, yet remain about 2% higher this week after China, South Korea and Singapore started rolling out measures to protect economic growth as the virus hits businesses and travel. Commodities had rallied prematurely, focusing on the planned stimulus and ignoring the immediate disruption, according...

Coronavirus Cases in Hubei Rise After Declining for 2 Days

The number of new coronavirus cases in China's Hubei province rose Friday after two straight days of declines, but the increase was still the smallest since the end of January. The Hubei health commission reported 411 new cases Friday, up from Thursday's count of 349. It also reported 115 new deaths. Hubei, and its provincial capital of Wuhan, is where the outbreak began in December. World Health Organization Director-General Tedros Adhanom Ghebreyesus said Thursday that the numbers out of...

Hong Kong Stocks Close Lower on Virus Worries (Review)

Hong Kong stocks closed sharply lower Friday as the rising toll from the deadly coronavirus outside China fanned fears the epidemic's impact on earnings and economic growth could be worse than anticipated. The Hang Seng Index fell 1.1 percent, or 300.35 points, to 27,308.81. Mainland China's benchmark Shanghai Composite Index closed up 0.3 percent, or 9.52 points, to 3,039.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, was up 1.1 percent, or 21.21 points,...

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