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POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil values skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold on Comex gained $12, or 0.8%, to settle at $1,511.50 an ounce, after registering on Friday a weekly decline of 1.1%. The settlement was the highest for a most-active contract since Sept. 6, FactSet data show. Silver for December delivery...

Gold scores a pop from historic oil outage

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold on Comex gained $9.70, or 0.7%, to $1,509.20 an ounce, after registering on Friday a weekly decline of 1.1%. Silver for December delivery added 32 cents, or 1.8%, to trade at $17.885 an ounce, following a weekly loss of 3%, according to FactSet data. The gain for oil comes after...

Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Oil Rallies 15%, With U.S. Prices Settling at Their Highest in 4 Months

Oil futures rallied Monday, as a weekend attack on Saudi oil facilities cut the kingdom's daily crude production down by more than half, sparking concerns of a potentially prolonged supply shortage. The news sparked talk of $100 oil prices, but that scenario "would only occur if there is an all-out war between Saudi Arabia and Iran," said Jay Hatfield, portfolio manager of the Infracap MLP exchange-traded fund. "If production is restored and there is no escalation of tensions, we would expect...

Trump Cancels Plan to Cut Off Foreign Aid
Friday, 23 August 2019 11:11 WIB | GLOBAL |Global

President Donald Trump is considering cutting US $ 4 billion in foreign aid because he considers wasteful, unnecessary. But finally he finished compiling his plan was opposed by the American Congress.

"The president has explained about waste and asking for our foreign assistance, and asks that we have to spend the aid money," said a senior White House official.

But after making an important contribution the Republicans and Democrats announced support for the effort, Trump finally gave up.

House Speaker Nancy Pelosi from the Democratic Party who supported the House said, "It has been transferred which has become part of the American budget which was issued from what had been previously obtained."

Republican figures Lindsey Graham and Hal Rogers said canceling foreign aid "would harm national security and counterterrorist efforts, and would also make it difficult for budget negotiations between the White House and Congress in the future."

Source : VOA

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Attacks on Saudi Oil Facilities Knock Out Half Kingdom's Supply...
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POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil values skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold on Comex gained $12, or 0.8%, to settle at $1,511.50 an ounce, after registering on Friday a weekly decline of 1.1%. The settlement was the highest for a most-active contract since Sept. 6, FactSet data show. Silver for December delivery...

Gold scores a pop from historic oil outage

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold on Comex gained $9.70, or 0.7%, to $1,509.20 an ounce, after registering on Friday a weekly decline of 1.1%. Silver for December delivery added 32 cents, or 1.8%, to trade at $17.885 an ounce, following a weekly loss of 3%, according to FactSet data. The gain for oil comes after...

Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Oil Rallies 15%, With U.S. Prices Settling at Their Highest in 4 Months

Oil futures rallied Monday, as a weekend attack on Saudi oil facilities cut the kingdom's daily crude production down by more than half, sparking concerns of a potentially prolonged supply shortage. The news sparked talk of $100 oil prices, but that scenario "would only occur if there is an all-out war between Saudi Arabia and Iran," said Jay Hatfield, portfolio manager of the Infracap MLP exchange-traded fund. "If production is restored and there is no escalation of tensions, we would expect...

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