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POPULAR NEWS
Gold futures log highest finish since September 2011

Gold futures marked their highest finish in nearly nine years, after climbing to nearly $1,810 an ounce during Tuesday's session. Prices had seen a "routine downside correction following recent gains" in early Tuesday action, that was "once again seen as a value-buying opportunity in the yellow metal, on strong notions more price appreciation lies ahead," said Jim Wyckoff, senior analyst at Kitco.com, in a market update. August gold rose $16.40, or 0.9%, to settle at $1,809.90 an ounce. That...

Gold futures up a fourth straight session to mark another finish at the highest since 2011

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold above $1,800 is not surprising given "so many positive price drivers in its favor, with the key player being negative real rates," said Peter Spina, president and chief executive officer at GoldSeek.com. He does not expect to see a meaningful pullback in gold until it breaks past $2,000. On Wednesday, August gold rose $10.70, or 0.6%, to settle at...

Gold Holds Near 2011 High on Virus Concerns, Dollar

Gold held near the highest level in almost nine years as concerns over the coronavirus pandemic drives demand for haven assets, while the dollar slipped. The number of confirmed infections in the U.S. surpassed 3 million, representing a quarter of global cases. California and Texas, the two most populous states, reported some of their largest daily rises in cases and deaths. Spot gold little changed at $1,809.01/oz at 8:09am in Singapore. On Wednesday, prices touched...

Oil moves lower as Covid-19 cases spark demand fears

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude futures declined by 24 cents, or 0.56%, to $42.86. West Texas Intermediate crude futures fell 1 cent, or 0.02%, to settle at $40.62 per barrel. œOil prices are lower today on concerns that the surge in coronavirus cases in the U.S. will limit a recovery in fuel demand, RBC said. Sixteen U.S. states have reported record...

Wall Street ends lower after strong recent rally as COVID cases mount

U.S. stocks eased on Tuesday as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus cases rose further. Large parts of the United States reported tens of thousands of new coronavirus infections. New York expanded its travel quarantine for visitors from three more states, while Florida™s greater Miami area rolled back its reopening. Unofficially, the Dow Jones Industrial Average fell 396.5 points, or 1.51%, to...

Trump Unveils Middle East Peace Plan
Wednesday, 29 January 2020 19:56 WIB | GLOBAL |Global

Hoping to bring about a œnew dawn in the Middle East, U.S. President Donald Trump unveiled his peace plan for the region on Tuesday with Israeli Prime Minister Benjamin Netanyahu standing at his side. 

œMy vision presents a win-win opportunity for both sides, a realistic two-state solution that resolves the risk of Palestinian statehood to Israel™s security, Trump said in the White House East Room.   

Notably absent was any representative of the Palestinians, who rejected the peace plan even before getting a glimpse of the 80-page proposal, and who were not included in talks about the plan. 

œJerusalem is not for sale. All our rights are not for sale and are not for bargain. And your deal, the conspiracy, will not pass, Palestinian President Mahmoud Abbas said in televised remarks directed at Trump from Ramallah in the West Bank.

Trump sees such initial rejections as a temporary hitch and told those gathered in the East Room that he sent a letter to Abbas, telling him that if he chooses œthe path to peace, America and many other countries, we will be there. We will be there to help you in so many different ways.

Acceptance of the plan would lead to $50 billion of outside investment, a million jobs created for Palestinians over a decade, and a doubling or tripling of Palestinians' GDP, Trump promised.

œIt is time for the Muslim world to fix the mistake it made in 1948 when it chose to attack, instead of recognize, the new State of Israel, the president said.

Egypt, one of the countries that declared war on Israel at that time, is not rejecting Trump™s vision. The country expressed appreciation of continuing U.S. efforts to realize a fair and comprehensive peaceful settlement for the Palestinian problem, according to the Middle East News Agency in Cairo.

"Jordan supports every genuine effort aimed at achieving just and comprehensive peace that people will accept," Jordanian Foreign Minister Ayman Safadi said in a statement.

Present in the East Room were the ambassadors of Bahrain, Oman and the United Arab Emirates.

Analysts say a public statement from Riyadh lending Saudi support to Trump™s plan would carry more weight, as the kingdom is the dominant Sunni Muslim power.

Trump proposes a Palestine with limited sovereignty ” doubling the size of land currently occupied by Palestinians ” and Israel annexing about a third of the disputed West Bank. 

Israel™s government is now set to vote Sunday on annexing the strategic Jordan Valley and all Israeli settlements in the West Bank.

Jerusalem would remain Israel™s capital, and the eastern part of the holy city would be the Palestinian capital where the United States would open an embassy to Palestine, said Trump.

œI™m prepared to seize the moment and change history, Netanyahu told the invited crowd of supporters. "Your deal of the century is the opportunity of the century, he told Trump.

Netanyahu said if the Palestinians abide by the terms laid out, œIsrael will be prepared to negotiate peace right away.

Source : VOA

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POPULAR NEWS
Gold futures log highest finish since September 2011

Gold futures marked their highest finish in nearly nine years, after climbing to nearly $1,810 an ounce during Tuesday's session. Prices had seen a "routine downside correction following recent gains" in early Tuesday action, that was "once again seen as a value-buying opportunity in the yellow metal, on strong notions more price appreciation lies ahead," said Jim Wyckoff, senior analyst at Kitco.com, in a market update. August gold rose $16.40, or 0.9%, to settle at $1,809.90 an ounce. That...

Gold futures up a fourth straight session to mark another finish at the highest since 2011

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold above $1,800 is not surprising given "so many positive price drivers in its favor, with the key player being negative real rates," said Peter Spina, president and chief executive officer at GoldSeek.com. He does not expect to see a meaningful pullback in gold until it breaks past $2,000. On Wednesday, August gold rose $10.70, or 0.6%, to settle at...

Gold Holds Near 2011 High on Virus Concerns, Dollar

Gold held near the highest level in almost nine years as concerns over the coronavirus pandemic drives demand for haven assets, while the dollar slipped. The number of confirmed infections in the U.S. surpassed 3 million, representing a quarter of global cases. California and Texas, the two most populous states, reported some of their largest daily rises in cases and deaths. Spot gold little changed at $1,809.01/oz at 8:09am in Singapore. On Wednesday, prices touched...

Oil moves lower as Covid-19 cases spark demand fears

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude futures declined by 24 cents, or 0.56%, to $42.86. West Texas Intermediate crude futures fell 1 cent, or 0.02%, to settle at $40.62 per barrel. œOil prices are lower today on concerns that the surge in coronavirus cases in the U.S. will limit a recovery in fuel demand, RBC said. Sixteen U.S. states have reported record...

Wall Street ends lower after strong recent rally as COVID cases mount

U.S. stocks eased on Tuesday as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus cases rose further. Large parts of the United States reported tens of thousands of new coronavirus infections. New York expanded its travel quarantine for visitors from three more states, while Florida™s greater Miami area rolled back its reopening. Unofficially, the Dow Jones Industrial Average fell 396.5 points, or 1.51%, to...

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