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POPULAR NEWS
Gold Settles Lower as Traders Weigh The Impact of China's Coronavirus on Demand for The Metal

Gold futures settled modestly lower on Tuesday, with some sources attributing the loss to the possibility that a viral outbreak may cut demand for the precious metal as China prepares for its New Year celebrations this weekend. The Chinese tend to buy more gold for the holiday celebration. Other sources, however, said that a further spread of the coronavirus may eventually support haven buying of gold. CNN reported Tuesday that the U.S. was expected to announce its first case of Wuhan...

Gold Eases Off 2-Week Peak, Virus Scare Stems Declines

Gold fell on Tuesday, easing off a two-week peak, as the dollar steadied near a one-month high, although fears of the economic fallout from the coronavirus in China dulled risk sentiment and kept prices supported above the $1,500 an ounce level. Spot gold was down 0.4% to $1,555.59 per ounce, after hitting its highest since Jan. 8 at $1,568.35 earlier in the session. U.S. gold futures fell 0.3% to $1,555.70 per ounce. The dollar held near the highest level in nearly a month, making gold...

Gold Steady Amid Virus Concerns; Palladium Decline

Gold was steady in Asia as markets assessed the likely impact of the spread of China™s coronavirus. Palladium extended its decline. Spot gold -0.1% to $1,556.81/oz at 7:41am in Singapore; -0.2% Tuesday. Bloomberg Dollar Spot Index steady after +0.1% Tuesday. Other precious metals: Silver little changed at $17.7762/oz, Platinum -0.1% to $999.92/oz, Palladium -0.3% to $2,394.35/oz; prices fell 5.6% Tuesday, biggest loss since Aug. 1. Source: Bloomberg

Gold Gains on IMF Growth Cut, Virus Curbs Risk Demand

Gold rose for a third day after the International Monetary Fund trimmed its global growth outlook for this year and as a virus outbreak in China weighed on risk appetite across markets. Palladium dropped more than 3% after hitting a record on Monday. Spot gold as much as +0.5% to $1,568.67/oz and was at $1,562.53 at 7:35am in London. Bloomberg Dollar Spot Index +0.1%. The IMF predicted the world economy will strengthen in 2020, albeit at a slightly weaker pace...

Hong Kong Stocks Close Lower (Review)

Hong Kong shares finished on a negative note Monday as investors cashed in profits following last week's gains. The Hang Seng index slipped 0.90 percent, or 260.51 points, to close at 28,795.91. The benchmark Shanghai Composite Index gained 0.66 percent, or 20.29 points, to 3,095.79, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.31 percent, or 23.67 points, to 1,829.95. Source : AFP

US House Approves Bill Denouncing China's Crackdown of Uighur Muslims
Wednesday, 4 December 2019 23:46 WIB | GLOBAL |Global

China has expressed anger over passage of a bill by the U.S. House of Representatives that calls for official actions against Beijing over its crackdown on millions of ethnic Muslims. 

By a vote of 407-to-1, the Democratic-led chamber approved the Uighur Act of 2019 Tuesday which condemns the detention of an estimated one million Uighurs, Kazahks and other ethnic Muslims in so-called "re-education camps" in the remote western province of Xinjiang. 

The bill directs various U.S. government agencies to prepare reports on China's treatment of the Muslim minorities, and calls on President Donald Trump to impose sanctions on Chinese officials deemed responsible for the mass detentions, specifically Chen Quanguo, the ruling Communist Party's chief in Xinjiang.

Beijing has denied that it is detaining the Uighurs against their will, maintaining that the camps are œvocational training centers designed to combat terrorism and extremism and to teach new skills. 

The Republican-controlled Senate passed a similar bill back in September.  The two measures will have to be reconciled and approved by both the House and Senate before they go to Trump for his signature. 

In Beijing, Foreign Ministry spokeswoman Hua Chunying told reporters that any nation that seeks to interfere in China's internal affairs will pay a price.

Source : VOA

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POPULAR NEWS
Gold Settles Lower as Traders Weigh The Impact of China's Coronavirus on Demand for The Metal

Gold futures settled modestly lower on Tuesday, with some sources attributing the loss to the possibility that a viral outbreak may cut demand for the precious metal as China prepares for its New Year celebrations this weekend. The Chinese tend to buy more gold for the holiday celebration. Other sources, however, said that a further spread of the coronavirus may eventually support haven buying of gold. CNN reported Tuesday that the U.S. was expected to announce its first case of Wuhan...

Gold Eases Off 2-Week Peak, Virus Scare Stems Declines

Gold fell on Tuesday, easing off a two-week peak, as the dollar steadied near a one-month high, although fears of the economic fallout from the coronavirus in China dulled risk sentiment and kept prices supported above the $1,500 an ounce level. Spot gold was down 0.4% to $1,555.59 per ounce, after hitting its highest since Jan. 8 at $1,568.35 earlier in the session. U.S. gold futures fell 0.3% to $1,555.70 per ounce. The dollar held near the highest level in nearly a month, making gold...

Gold Steady Amid Virus Concerns; Palladium Decline

Gold was steady in Asia as markets assessed the likely impact of the spread of China™s coronavirus. Palladium extended its decline. Spot gold -0.1% to $1,556.81/oz at 7:41am in Singapore; -0.2% Tuesday. Bloomberg Dollar Spot Index steady after +0.1% Tuesday. Other precious metals: Silver little changed at $17.7762/oz, Platinum -0.1% to $999.92/oz, Palladium -0.3% to $2,394.35/oz; prices fell 5.6% Tuesday, biggest loss since Aug. 1. Source: Bloomberg

Gold Gains on IMF Growth Cut, Virus Curbs Risk Demand

Gold rose for a third day after the International Monetary Fund trimmed its global growth outlook for this year and as a virus outbreak in China weighed on risk appetite across markets. Palladium dropped more than 3% after hitting a record on Monday. Spot gold as much as +0.5% to $1,568.67/oz and was at $1,562.53 at 7:35am in London. Bloomberg Dollar Spot Index +0.1%. The IMF predicted the world economy will strengthen in 2020, albeit at a slightly weaker pace...

Hong Kong Stocks Close Lower (Review)

Hong Kong shares finished on a negative note Monday as investors cashed in profits following last week's gains. The Hang Seng index slipped 0.90 percent, or 260.51 points, to close at 28,795.91. The benchmark Shanghai Composite Index gained 0.66 percent, or 20.29 points, to 3,095.79, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.31 percent, or 23.67 points, to 1,829.95. Source : AFP

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