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POPULAR NEWS
Gold futures give back most of their gain from a day earlier

Gold futures fell nearly 2% on Tuesday, with prices giving back nearly all of what they gained a day earlier. "While economic growth concerns surrounding the coronavirus were the most recent impetus supporting gold prices, there is very little reason for gold prices to move significantly lower given the current global environment," said Jeff Klearman, portfolio manager at GraniteShares. "Gold prices have benefited from three main factors, including heightened investor appetite for safe haven...

Gold futures finish lower for a second straight session

Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a return of aggressive investment buying," said analysts at Zaner Metals, in a daily note. "The trade could be fearful about the potential for a sustained setback in Chinese physical gold...

Oil falls 3% to settle under $50 for first time in 2 weeks

Oil fell below $55 a barrel on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses. Crude fell almost 4% on Monday, with other commodities also reporting losses while U.S. and European equities suffered their steepest declines since mid-2016 on concern the coronavirus outbreak could turn into a pandemic. Brent crude fell $1.48 to trade at $54.86 per barrel. U.S. West Texas...

Gold Climbs as Trump Comments Fail to Ease Virus Fears

Gold rose for the seventh time in eight days as investors continued to weigh the impact of the coronavirus outbreak, with comments by the Trump administration failing to allay concerns about the disease. More cases were reported in countries other than China in the past 24 hours for the first time, the World Health Organization said, with new infections in nations from Pakistan to Brazil. President Donald Trump assured Americans that they face little risk, although...

Gold Advances as Virus Fears Reignite Haven Demand

Gold rebounded after the U.S. Centers for Disease Control and Prevention warned Americans to prepare for a potential coronavirus outbreak at home and the total number of cases in South Korean topped the 1,000 mark. Spot gold as much as +0.7% to $1,646.33/oz, and was at $1,643.66 at 9:18am in Singapore Metal -1.5% Tuesday after touching $1,689.31 on Monday, the highest level since 2013 Bloomberg Dollar Spot Index steady after -0.2% Tuesday Other precious metals:...

Top Iran Leader Says Trump is a 'Clown' Who Pretends Support
Friday, 17 January 2020 23:31 WIB | GLOBAL |Global

Iran's supreme leader says its missile attack on U.S. troops in Iraq earlier this month was a "blow to America's image'' as a superpower, as he led prayers in Tehran for the first time since 2012.

Ayatollah Ali Khamenei said America had "cowardly'' killed the most effective commander in the fight against the Islamic State group when it killed Gen. Qassem Soleimani in a U.S. airstrike in Baghdad.

In response, Iran launched a barrage of ballistic missiles targeting U.S. troops in Iraq, without causing serious injuries. As Iran's Revolutionary Guard braced for an American counterattack that never came, it mistakenly shot down a Ukrainian jetliner shortly after it took off from Tehran's international airport, killing all 176 passengers on board, mostly Iranians.

Ayatollah Ali Khamenei has held the country's top office since 1989 and has the final say on all major decisions. The 80-year-old leader openly wept at the funeral of Gen. Qassem Soleimani and vowed ''harsh retaliation'' against the United States.

Authorities concealed their role in the tragedy for three days, initially blaming the crash on a technical problem. Their admission of responsibility triggered days of street protests, which security forces dispersed with live ammunition and tear gas.

Tensions between Iran and the United States have steadily escalated since President Donald Trump withdrew the U.S. from Iran's 2015 nuclear deal with world powers, which had imposed restrictions on its nuclear program in exchange for the lifting of international sanctions.

The White House has since imposed crippling sanctions on Iran, including its vital oil and gas industry, pushing the country into an economic crisis that has ignited several waves of sporadic, leaderless protests. Trump has openly encouraged the protesters - even tweeting in Farsi - hoping that the protests and the sanctions will bring about fundamental change in a longtime adversary.

After Soleimani was killed in a U.S. airstrike in Baghdad, Iran announced it would no longer be bound by the limitations in the nuclear agreement. European countries who have been trying to salvage the deal responded earlier this week by invoking a dispute mechanism that is aimed at bringing Iran back into compliance and could result in even more sanctions.

Source : VOA

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POPULAR NEWS
Gold futures give back most of their gain from a day earlier

Gold futures fell nearly 2% on Tuesday, with prices giving back nearly all of what they gained a day earlier. "While economic growth concerns surrounding the coronavirus were the most recent impetus supporting gold prices, there is very little reason for gold prices to move significantly lower given the current global environment," said Jeff Klearman, portfolio manager at GraniteShares. "Gold prices have benefited from three main factors, including heightened investor appetite for safe haven...

Gold futures finish lower for a second straight session

Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a return of aggressive investment buying," said analysts at Zaner Metals, in a daily note. "The trade could be fearful about the potential for a sustained setback in Chinese physical gold...

Oil falls 3% to settle under $50 for first time in 2 weeks

Oil fell below $55 a barrel on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses. Crude fell almost 4% on Monday, with other commodities also reporting losses while U.S. and European equities suffered their steepest declines since mid-2016 on concern the coronavirus outbreak could turn into a pandemic. Brent crude fell $1.48 to trade at $54.86 per barrel. U.S. West Texas...

Gold Climbs as Trump Comments Fail to Ease Virus Fears

Gold rose for the seventh time in eight days as investors continued to weigh the impact of the coronavirus outbreak, with comments by the Trump administration failing to allay concerns about the disease. More cases were reported in countries other than China in the past 24 hours for the first time, the World Health Organization said, with new infections in nations from Pakistan to Brazil. President Donald Trump assured Americans that they face little risk, although...

Gold Advances as Virus Fears Reignite Haven Demand

Gold rebounded after the U.S. Centers for Disease Control and Prevention warned Americans to prepare for a potential coronavirus outbreak at home and the total number of cases in South Korean topped the 1,000 mark. Spot gold as much as +0.7% to $1,646.33/oz, and was at $1,643.66 at 9:18am in Singapore Metal -1.5% Tuesday after touching $1,689.31 on Monday, the highest level since 2013 Bloomberg Dollar Spot Index steady after -0.2% Tuesday Other precious metals:...

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