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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...

Tensions High Ahead of Erdogan-Trump Meeting
Tuesday, 12 November 2019 17:59 WIB | GLOBAL |Global

Turkish  President Recep Tayyip Erdogan visits Washington this week to meet President Donald Trump, a meeting some consider an opportunity to reset relations that have been strained over numerous policy differences.

Turkey's military operation against the Syrian Kurdish militia, the YPG, is expected to top the agenda. Ankara designates the. YPG as terrorists, but the militia is a crucial ally in the U.S.-led war against Islamic State.

The U.S. Congress is threatening widespread sanctions against Turkey for its military operations against the Kurds.  Some of the sanctions target Erdogan personally.

However, Erdogan is warning that agreements negotiated with Washington and Moscow to pause the military operation against the Kurdish militia are at risk. The Turkish leader accuses the militia of failing to withdraw from the Turkish frontier.

Analysts suggest Erdogan could look to secure at least tacit support from Trump for a resumption in the Syrian operation.

œThis is a very important meeting," said Asli Aydintasbas, a senior fellow at the European Council on Foreign Relations.

"There is a long list of problems between the two countries. In fact, the relationship has never been as bad as it is today. And of course, there is the ongoing matter which is the Turkish incursion into Syria and U.S. objections. What's happening on the ground is extremely volatile."

Despite escalating bilateral tensions, the two presidents appear to have built a good working relationship, a personal chemistry that Ankara believes can offer a chance of a reset.

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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