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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:...

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 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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