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POPULAR NEWS
Gold settles with a gain for the session and shorter week

Gold futures climbed on Thursday, also posting a gain for the holiday-shortened week, as concerns over the increase in COVID-19 cases in part of the world provided safe-haven support for the metal. Some of that support lacked in the U.S., where data showed better-than-expected jobs growth in June. "The employment numbers are spectacular but an 11% unemployment rate is still elevated," said Jeff Wright, executive vice president of GoldMining Inc. "COVID cases are back on rise and numerous...

Gold futures end lower a day after highest finish since 2011

Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be kicking in," said Lukman Otunuga, senior research analyst at FXTM. Data from Automatic Data Processing Inc. Wednesday showed that U.S. private-sector employers added 2.37 million jobs in June, less than analysts expected. Still, "some optimism may return over the U.S. economy recovering quicker than expected," something that may hit haven gold, he...

Oil futures end higher, with U.S. prices at their highest since March

Oil futures settled higher on Thursday, buoyed by a hefty decline in last week's U.S. crude supplies and better-than-expected domestic jobs growth in June. August West Texas Intermediate oil rose 83 cents, or 2.1%, to settle at $40.65 a barrel on the New York Mercantile Exchange. That was the highest finish for a front-month contract since March 6, according to FactSet data. There will be no regular trading for Nymex oil futures Friday because of the Independence Day holiday. Prices were up...

Oil futures score a gain for the session as U.S. supplies show biggest weekly drop of the year

Oil futures settled higher on Wednesday after U.S. government data showed that domestic crude supplies fell by 7.2 million barrels last week, the largest weekly decline so far this year. The fall in stockpiles also followed three consecutive weeks of increases. August West Texas Intermediate oil rose 55 cents, or 1.4%, to settle at $39.82 a barrel on the New York Mercantile Exchange. Source: Marketwatch

Gold Heads for Weekly Gain Amid Virus Woes, Jobs Data

Gold headed for a fourth weekly gain as concerns over the resurgence of coronavirus cases countered better-than-expected monthly U.S. jobs data. Texas ordered residents to wear masks, reversing course as it reported its second-most daily infections of the outbreak, while Florida™s largest county, Miami-Dade, will impose a curfew. The novel coronavirus is showing some signs of mutating in a way that may make it easier for the pathogen to spread, according to Anthony...

Coronavirus Deaths Top 350,000 Worldwide
Wednesday, 27 May 2020 23:32 WIB | GLOBAL |Global

The worldwide death toll from the COVID-19 pandemic has surpassed 350,000.

The milestone comes as South Korea announced Wednesday its highest number of new cases in 49 days. Authorities are focusing on testing workers from e-commerce giant Coupang after dozens of cases were linked to a company site outside of Seoul.

South Korea™s Centers for Disease Control and Prevention said all but four of its 40 new cases were in the Seoul area. The country was an early hotspot for the coronavirus outbreak, but now barely ranks in the top-50 in terms of confirmed infections, according to statistics compiled by the Baltimore-based Johns Hopkins University.

œWe will do our best to trace contacts and implement preventive measures, but there™s a limit to such efforts," KCDC head Jeong Eun-kyeong said. "There™s a need to maximize social distancing in areas where the virus is circulating, to force people to avoid public facilities and other crowded spaces. 

The worldwide death toll from the COVID-19 pandemic has surpassed 350,000.

The milestone comes as South Korea announced Wednesday its highest number of new cases in 49 days. Authorities are focusing on testing workers from e-commerce giant Coupang after dozens of cases were linked to a company site outside of Seoul.

South Korea™s Centers for Disease Control and Prevention said all but four of its 40 new cases were in the Seoul area. The country was an early hotspot for the coronavirus outbreak, but now barely ranks in the top-50 in terms of confirmed infections, according to statistics compiled by the Baltimore-based Johns Hopkins University.

œWe will do our best to trace contacts and implement preventive measures, but there™s a limit to such efforts," KCDC head Jeong Eun-kyeong said. "There™s a need to maximize social distancing in areas where the virus is circulating, to force people to avoid public facilities and other crowded spaces. 

Brazil has emerged as a major source of concern, trailing only the United States in the number of infections. On Tuesday it reported the most single day deaths in the world, with 1,039, its fifth consecutive day atop the grim list.

India posted its record high of 6,000 new cases reported Wednesday, pushing its total above 150,000.

Mexico also reported troubling escalations in its coronavirus outbreak, with a new high of 501 deaths and 3,455 new confirmed cases.

Like many governments around the world, Mexico is weighing continuing stay-at-home and social distancing orders against the desire to resume economic activity.  

President Andrés Manuel López Obrador told reporters his advisers were discussing possible reopening steps and could announce as early as this week plans to send kids back to school.  He also said he plans to tour different states and hold talks with local officials on easing restrictions.

In the neighboring United States, governors continue to pull back on their lockdown orders, including in Nevada, where Governor Steve Sisolak announced casinos in Las Vegas can reopen June 4 after the key industry was shut down for 10 weeks.

œWe welcome the visitors from across the country to come here, to have a good time, no different than they did previously, but we're gonna be cautious," Sisolak said.

New Zealand reported a new milestone in its coronavirus recovery, saying Wednesday there were no more COVID-19 patients in the country™s hospitals. Health officials said there were only 21 active cases in New Zealand, which put in place a strict five-week lockdown before slowly easing the measures in late April.

New Zealand and Australia are working on plans to amend their travel bans to allow people to move between the two countries, and Prime Minister Jacinda Ardern said a draft should be ready by early next month.

And in Spain, a 10-day mourning period began Wednesday to honor the more than 27,000 people in the country who have died from COVID-19.

Source: VOA news

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POPULAR NEWS
Gold settles with a gain for the session and shorter week

Gold futures climbed on Thursday, also posting a gain for the holiday-shortened week, as concerns over the increase in COVID-19 cases in part of the world provided safe-haven support for the metal. Some of that support lacked in the U.S., where data showed better-than-expected jobs growth in June. "The employment numbers are spectacular but an 11% unemployment rate is still elevated," said Jeff Wright, executive vice president of GoldMining Inc. "COVID cases are back on rise and numerous...

Gold futures end lower a day after highest finish since 2011

Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be kicking in," said Lukman Otunuga, senior research analyst at FXTM. Data from Automatic Data Processing Inc. Wednesday showed that U.S. private-sector employers added 2.37 million jobs in June, less than analysts expected. Still, "some optimism may return over the U.S. economy recovering quicker than expected," something that may hit haven gold, he...

Oil futures end higher, with U.S. prices at their highest since March

Oil futures settled higher on Thursday, buoyed by a hefty decline in last week's U.S. crude supplies and better-than-expected domestic jobs growth in June. August West Texas Intermediate oil rose 83 cents, or 2.1%, to settle at $40.65 a barrel on the New York Mercantile Exchange. That was the highest finish for a front-month contract since March 6, according to FactSet data. There will be no regular trading for Nymex oil futures Friday because of the Independence Day holiday. Prices were up...

Oil futures score a gain for the session as U.S. supplies show biggest weekly drop of the year

Oil futures settled higher on Wednesday after U.S. government data showed that domestic crude supplies fell by 7.2 million barrels last week, the largest weekly decline so far this year. The fall in stockpiles also followed three consecutive weeks of increases. August West Texas Intermediate oil rose 55 cents, or 1.4%, to settle at $39.82 a barrel on the New York Mercantile Exchange. Source: Marketwatch

Gold Heads for Weekly Gain Amid Virus Woes, Jobs Data

Gold headed for a fourth weekly gain as concerns over the resurgence of coronavirus cases countered better-than-expected monthly U.S. jobs data. Texas ordered residents to wear masks, reversing course as it reported its second-most daily infections of the outbreak, while Florida™s largest county, Miami-Dade, will impose a curfew. The novel coronavirus is showing some signs of mutating in a way that may make it easier for the pathogen to spread, according to Anthony...

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