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POPULAR NEWS
Gold Futures End Higher as Weekly Jobless Claims Climb to Record

Gold futures ended higher on Thursday, with the haven metal getting a boost on the heels of a climb in U.S. weekly jobless claims to a record 6.6 million. The move for gold followed four consecutive sessions of losses for the metal. June gold rose $46.30, or 2.9%, to settle at $1,637.70 an ounce. That was the biggest one-day percentage gain since March 24, according to FactSet data. Source : Marketwatch

Gold slips on firm dollar, poor U.S. data limits losses

Gold inched down on Friday after rising 1.4% in the previous session as the U.S. dollar firmed, but record high weekly U.S. jobless claims filings kept a check on bullion™s downside. Spot gold eased 0.1% to $1,610.64 per ounce by 0037 GMT. U.S. gold futures slipped 0.1% to $1,635.50. The metal was down over 0.4% for the week after an 8% jump in the previous week. The dollar was up 0.1% against key rivals, having risen for the last two sessions. The number of Americans filing claims for...

Gold Bounces Around As Investors Key In On Friday Jobs Report

Gold futures on Friday swung between small gains and losses as investors watched for a report on the labor market in March, which may offer some clues about the state of American jobs even if it doesn™t entirely reveal the extent of the damage of coronavirus business shutdowns. Friday™s nonfarm-payrolls report from the Bureau of Labor Statistics will indicate how many workers the U.S. economy added last month, with average consensus estimates from economists for ais expected to show...

U.S. oil prices settle nearly 25% higher; Trump expects a Saudi Arabia-Russia output cut

Oil futures rallied Thursday, finding support after President Donald Trump tweeted that he spoke to Saudi Arabia's Crown Prince Mohammed bin Salman, who held a discussion with Russian President Vladimir Putin, and now expects the two major oil producers to announce a production cut of "approximately 10 Million Barrels." Trump later tweeted that the cut could be as high as 15 million barrels. Saudi Arabia has also called for an "urgent" meeting of OPEC and its allies. News reports, however,...

Gold Eases on Firm Dollar, But Holds Tight Range Ahead of US Data

Gold prices were subdued on Friday as the dollar strengthened, but they were stuck in a narrow range ahead of U.S. nonfarm payrolls data that could provide further clarity on the economic damage from the coronavirus. Spot gold was down 0.1% at $1,610.46 per ounce by 0923 GMT. The metal has declined nearly 0.5% so far this week after an 8% jump in the previous week. U.S. gold futures dropped 0.6% to $1,627.90 per ounce. Safe-haven gains for the U.S. dollar limited gold™s advance, with the...

No Checkout Needed: Amazon Opens Cashier-less Grocery Store
Tuesday, 25 February 2020 23:49 WIB | GLOBAL |

The online retailing giant is opening its first cashier-less supermarket, the latest sign that Amazon is serious about shaking up the $800 billion grocery industry.

At the new store, opening Tuesday in Seattle, shoppers can grab milk or eggs and walk out without checking out or opening their wallets. Shoppers scan a smartphone app to enter the store. Cameras and sensors track what™s taken off shelves. Items are charged to an Amazon account after leaving.

Called Amazon Go Grocery, the new store is an expansion of its 2-year-old chain of Amazon Go convenience stores. At 10,400 square feet, the supermarket is more than five times the size of the smaller stores, and stocks more items beyond the sodas and sandwiches found at Amazon Go. The new market stocks fresh baked bread, blood oranges, butternut squash and other food to whip up dinner or stock the fridge.

Amazon is not new to groceries. It made a splash in 2017 when it bought Whole Foods and its 500 stores. It™s also been expanding its online grocery delivery service.

But it™s still far behind rival Walmart, the nation's largest grocer, which has more than 4,700 stores. Walmart has also found success with its online grocery service, that lets shoppers buy online and then pickup at stores.

Amazon plans to open another type of grocery store in Los Angeles sometime this year, but the company said it won™t use the cashier-less technology at that location and has kept other details under wraps.

At the new Seattle store, families can shop together with just one phone scanning everyone in. Anything they grab from the shelf will be added to the tab of the person who signed them in. But shopper's shouldn't help a stranger reach something from the top shelf: Amazon warns that grabbing an item for someone else means you™ll be charged for it.

Source : VOA

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POPULAR NEWS
Gold Futures End Higher as Weekly Jobless Claims Climb to Record

Gold futures ended higher on Thursday, with the haven metal getting a boost on the heels of a climb in U.S. weekly jobless claims to a record 6.6 million. The move for gold followed four consecutive sessions of losses for the metal. June gold rose $46.30, or 2.9%, to settle at $1,637.70 an ounce. That was the biggest one-day percentage gain since March 24, according to FactSet data. Source : Marketwatch

Gold slips on firm dollar, poor U.S. data limits losses

Gold inched down on Friday after rising 1.4% in the previous session as the U.S. dollar firmed, but record high weekly U.S. jobless claims filings kept a check on bullion™s downside. Spot gold eased 0.1% to $1,610.64 per ounce by 0037 GMT. U.S. gold futures slipped 0.1% to $1,635.50. The metal was down over 0.4% for the week after an 8% jump in the previous week. The dollar was up 0.1% against key rivals, having risen for the last two sessions. The number of Americans filing claims for...

Gold Bounces Around As Investors Key In On Friday Jobs Report

Gold futures on Friday swung between small gains and losses as investors watched for a report on the labor market in March, which may offer some clues about the state of American jobs even if it doesn™t entirely reveal the extent of the damage of coronavirus business shutdowns. Friday™s nonfarm-payrolls report from the Bureau of Labor Statistics will indicate how many workers the U.S. economy added last month, with average consensus estimates from economists for ais expected to show...

U.S. oil prices settle nearly 25% higher; Trump expects a Saudi Arabia-Russia output cut

Oil futures rallied Thursday, finding support after President Donald Trump tweeted that he spoke to Saudi Arabia's Crown Prince Mohammed bin Salman, who held a discussion with Russian President Vladimir Putin, and now expects the two major oil producers to announce a production cut of "approximately 10 Million Barrels." Trump later tweeted that the cut could be as high as 15 million barrels. Saudi Arabia has also called for an "urgent" meeting of OPEC and its allies. News reports, however,...

Gold Eases on Firm Dollar, But Holds Tight Range Ahead of US Data

Gold prices were subdued on Friday as the dollar strengthened, but they were stuck in a narrow range ahead of U.S. nonfarm payrolls data that could provide further clarity on the economic damage from the coronavirus. Spot gold was down 0.1% at $1,610.46 per ounce by 0923 GMT. The metal has declined nearly 0.5% so far this week after an 8% jump in the previous week. U.S. gold futures dropped 0.6% to $1,627.90 per ounce. Safe-haven gains for the U.S. dollar limited gold™s advance, with the...

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