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POPULAR NEWS
Gold futures climb by nearly 2% to highest finish since Feb. 2013

Gold futures rose nearly 2% on Monday to mark their highest finish since February 2013. Concerns surrounding COVID-19 and expectations for further monetary easing among global central banks in response to the virus's economic impact continued to provide support for haven gold, analysts said. April gold rose $27.80, or 1.7%, to settle at $1,676.60 an ounce. Source : MarketWatch

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...

U.S. oil prices settle down nearly 4% as coronavirus outbreak spreads

Oil futures settled lower on Monday, with U.S. prices losing almost 4% as the market continued to fret over the impact of coronavirus on energy demand. "It could be a bloodbath for oil in the short-term as the risks of a global pandemic will cripple travel and trade," said Edward Moya, senior market analyst at Oanda, in a market update. He said U.S. benchmark crude futures may trade in the mid-$40s by the end of the week "if the number of cases continue to spread across Europe and the Middle...

Gold Drops From 7-Year High as Equity Sell-Off Eases

Gold retreated from the highest level since 2013 as a sell-off in global stocks eased in Asia Tuesday, while authorities around the world moved to keep the coronavirus from spreading. Spot gold as much as -1% to $1,642.93/oz, before paring declines to $1,655.72 at 10:24am in Singapore. Metal as much as +2.8% to $1,689.31 on Monday, highest level since 2013. Bloomberg Dollar Spot Index -0.1% Other precious metals: Silver -0.2% to $18.6048/oz, Platinum +0.2% to...

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...

Australia Condemns Coronavirus Racism
Friday, 14 February 2020 23:59 WIB | GLOBAL |Global

Australia has extended its ban on travelers from mainland China for at least another week because of the coronavirus outbreak.  The country's chief medical officer has also condemned xenophobia towards Chinese Australians as the number of deaths from COVID-19  continues to grow.

Foreign nationals traveling from China are not allowed to come to Australia until at least February 22.  The ban, originally for two weeks, has been extended by seven days and is preventing thousands of Chinese students attending Australian universities and colleges. 

The restrictions also bar Chinese visitors from Australia during the usually busy summer vacation period.

The tourism industry here believes the financial impact of the coronavirus will be worse than the damage caused by the bushfire crisis.

Chinese-Australians say they have faced an increase in hostility both online and in-person since the outbreak began.  Some have said on social media that they fear for their safety.  A young boy was reportedly bullied at school by pupils demanding he be tested for the virus. 

Australia's chief medical officer Brendan Murphy says the discrimination is unacceptable.

The number of confirmed coronavirus cases in Australia remains at 15.  Six patients have recovered. 

Two planeloads of Australians flown out of the virus epicenter at Wuhan in China's Hubei Province continue to be held in quarantine on Christmas Island in the Indian Ocean and at an abandoned mining camp near the city of Darwin. No cases of the disease have been diagnosed among those in isolation.

Source : VOA

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POPULAR NEWS
Gold futures climb by nearly 2% to highest finish since Feb. 2013

Gold futures rose nearly 2% on Monday to mark their highest finish since February 2013. Concerns surrounding COVID-19 and expectations for further monetary easing among global central banks in response to the virus's economic impact continued to provide support for haven gold, analysts said. April gold rose $27.80, or 1.7%, to settle at $1,676.60 an ounce. Source : MarketWatch

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...

U.S. oil prices settle down nearly 4% as coronavirus outbreak spreads

Oil futures settled lower on Monday, with U.S. prices losing almost 4% as the market continued to fret over the impact of coronavirus on energy demand. "It could be a bloodbath for oil in the short-term as the risks of a global pandemic will cripple travel and trade," said Edward Moya, senior market analyst at Oanda, in a market update. He said U.S. benchmark crude futures may trade in the mid-$40s by the end of the week "if the number of cases continue to spread across Europe and the Middle...

Gold Drops From 7-Year High as Equity Sell-Off Eases

Gold retreated from the highest level since 2013 as a sell-off in global stocks eased in Asia Tuesday, while authorities around the world moved to keep the coronavirus from spreading. Spot gold as much as -1% to $1,642.93/oz, before paring declines to $1,655.72 at 10:24am in Singapore. Metal as much as +2.8% to $1,689.31 on Monday, highest level since 2013. Bloomberg Dollar Spot Index -0.1% Other precious metals: Silver -0.2% to $18.6048/oz, Platinum +0.2% to...

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...

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