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POPULAR NEWS
Gold jumps over 1% as Trump says trade deal could extend to 2020

Gold jumped more than 1% on Tuesday on fading optimism surrounding a U.S.-China trade deal after U.S. President Donald Trump said talks could extend until after the presidential elections in November 2020. Spot gold gained 1.12% to $1,478.72 per ounce, after touching $1,481.80, its highest since Nov. 7. U.S. gold futures settled up 1.1% at $1484.4 Most other precious metals latched on to gold™s rally, with silver gaining 1.6% to $17.17 per ounce and platinum up 1.3% to $909.05. Palladium...

Gold retreats as trade optimism resurfaces, palladium soars

Gold shrugged off earlier gains to fall on Wednesday, as a report suggesting progress on the U.S.-China trade negotiations rekindled risk appetite, while palladium notched up a fresh peak. Spot gold slipped 0.3% to $1,472.26 per ounce. Prices had hit $1,484 earlier in the session, their highest level since Nov. 7. U.S. gold futures settled down 0.3% at $1,480.2. Elsewhere, platinum fell nearly 1% to $901.38 an ounce, while palladium rose 0.6% to $1,866.63. Elsewhere, silver shed 1.9% to...

Aussie GDP Q3 Misses The Mark, AUD/USD Drops to Session Lows

Australia™s Q3 national accounts in the Gross Domestic Product has been released. Prior to the data, analysts at Westpac had noted that," growth over the year to Q2 was just 1.4%, the slowest pace since 2009 and revealing that the economy was declining in per capita terms," arguing that, "favourable base effects should ensure that annual growth at least improves. Gross Domestic Product (YoY) (Q3) 1.7 %  vs exp  1.7 % (prior 1.4 %). Gross Domestic Product (QoQ) (Q3) 0.4 % vs...

Hong Kong: Stocks Hit by Trump Trade Remarks (Review)

Hong Kong stocks tumbled Wednesday after Donald Trump poured cold water on trade talks with China, indicating a hoped-for phase-one agreement might not be concluded until after next year's presidential election. The Hang Seng index sank 1.25 per cent, or 328.74 points, to 26,062.56. The benchmark Shanghai Composite Index lost 0.23 per cent, or 6.58 points, to 2,878.12 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.20 per cent, or 3.19 points, to...

Oil Holds Gains Ahead of OPEC Meeting on Trade, Tighter Supplies

Oil held firm in Asian trading Thursday after surging on increasing optimism for a U.S.-China trade deal, a sharp drawdown in U.S. crude inventories, and as OPEC and its allies prepared to discuss extending or possibly deepening output limits. Futures in New York were little changed after surging 4.2% on Wednesday. The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal, people familiar with the talks said. That...

Pompeo Issues Stark Warning to Russia, China
Saturday, 9 November 2019 00:03 WIB | GLOBAL |Global

Three decades after the fall of the Berlin Wall, the United States said Washington and its allies are still confronting formidable communist adversaries and the free world needs to continue to defend against threats from Russia and China.

In a speech near Berlin's iconic Brandenburg Gate, Secretary of State Mike Pompeo said on Friday that Russia œinvades its neighbors and slays political opponents, adding Russian authorities œuse police raids and torture against Crimean Tartars and Ukrainians who are working in opposition to Russian aggression.

The top U.S. diplomat also hit out at Beijing.

Pompeo is in Germany this week to mark the 30th anniversary of the fall of the Berlin Wall. On November 9, 1989, the demolition of the Berlin Wall brought to an end to a divided Germany, and was followed by the eradication of communism in Europe, and eventually the fall of the Soviet Union.

Pompeo on Friday drew a distinction between the communist government and the Chinese people, saying, œI wouldn't characterize it as a conflict between the United States and China, when asked during a moderated discussion if the two countries are having a new Cold War.

In Hong Kong, as ongoing anti-government protests show no sign of an immediate end, Pompeo said the United States had urged China to maintain its commitment to the citizens of Hong Kong, adding people there will œfind their own path forward.

Pompeo is scheduled to meet with German Chancellor Angela Merkel later Friday. He met with Defense Minister Annegret Kramp-Karrenbauer earlier in the day.

When asked how committed the U.S. is to the peace in Ukraine, Pompeo said he had supported giving defensive weapon systems to Ukraine, adding the U.S. had provided the tools they needed to protect themselves from Russia.

Source : VOA

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POPULAR NEWS
Gold jumps over 1% as Trump says trade deal could extend to 2020

Gold jumped more than 1% on Tuesday on fading optimism surrounding a U.S.-China trade deal after U.S. President Donald Trump said talks could extend until after the presidential elections in November 2020. Spot gold gained 1.12% to $1,478.72 per ounce, after touching $1,481.80, its highest since Nov. 7. U.S. gold futures settled up 1.1% at $1484.4 Most other precious metals latched on to gold™s rally, with silver gaining 1.6% to $17.17 per ounce and platinum up 1.3% to $909.05. Palladium...

Gold retreats as trade optimism resurfaces, palladium soars

Gold shrugged off earlier gains to fall on Wednesday, as a report suggesting progress on the U.S.-China trade negotiations rekindled risk appetite, while palladium notched up a fresh peak. Spot gold slipped 0.3% to $1,472.26 per ounce. Prices had hit $1,484 earlier in the session, their highest level since Nov. 7. U.S. gold futures settled down 0.3% at $1,480.2. Elsewhere, platinum fell nearly 1% to $901.38 an ounce, while palladium rose 0.6% to $1,866.63. Elsewhere, silver shed 1.9% to...

Aussie GDP Q3 Misses The Mark, AUD/USD Drops to Session Lows

Australia™s Q3 national accounts in the Gross Domestic Product has been released. Prior to the data, analysts at Westpac had noted that," growth over the year to Q2 was just 1.4%, the slowest pace since 2009 and revealing that the economy was declining in per capita terms," arguing that, "favourable base effects should ensure that annual growth at least improves. Gross Domestic Product (YoY) (Q3) 1.7 %  vs exp  1.7 % (prior 1.4 %). Gross Domestic Product (QoQ) (Q3) 0.4 % vs...

Hong Kong: Stocks Hit by Trump Trade Remarks (Review)

Hong Kong stocks tumbled Wednesday after Donald Trump poured cold water on trade talks with China, indicating a hoped-for phase-one agreement might not be concluded until after next year's presidential election. The Hang Seng index sank 1.25 per cent, or 328.74 points, to 26,062.56. The benchmark Shanghai Composite Index lost 0.23 per cent, or 6.58 points, to 2,878.12 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.20 per cent, or 3.19 points, to...

Oil Holds Gains Ahead of OPEC Meeting on Trade, Tighter Supplies

Oil held firm in Asian trading Thursday after surging on increasing optimism for a U.S.-China trade deal, a sharp drawdown in U.S. crude inventories, and as OPEC and its allies prepared to discuss extending or possibly deepening output limits. Futures in New York were little changed after surging 4.2% on Wednesday. The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal, people familiar with the talks said. That...

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