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POPULAR NEWS
Gold futures end lower for the session, but tally a 5th straight weekly gain

Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment. August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data. Source: Marketwatch

Gold Heads For Weekly Gain As It Holds Above $1,800 An Ounce

Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid continued uncertainty over the economic outlook. August gold was up $11.80, or 0.7%, at $1,815.60 an ounce on Comex, while September silver rose 17.3 cents to $19.135 an ounce. Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September...

Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided. August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest...

Hong Kong Stocks End With Deep Losses (Review)

Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures including school closures. The Hang Seng Index shed 1.84 percent, or 482.75 points, to 25,727.41. The benchmark Shanghai Composite Index fell 1.95 percent, or 67.27 points, to 3,383.32 while the Shenzhen Composite Index on China's second exchange lost 0.31 percent, or 6.95 points, to...

Dow rises 200 points on positive coronavirus treatment news, airlines

Stocks rose in choppy trading Friday as traders digested news about a potential coronavirus treatment as well as another record spike in virus cases. The Dow Jones Industrial Average traded 200 points higher, or 0.8%. The S&P 500 climbed 0.4%. The Nasdaq Composite lagged, trading just below the flatline. Gilead Sciences said its coronavirus treatment candidate, remdesivir, œwas associated with an improvement in clinical recovery and a 62 percent reduction in the risk of mortality...

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 futures end lower for the session, but tally a 5th straight weekly gain

Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment. August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data. Source: Marketwatch

Gold Heads For Weekly Gain As It Holds Above $1,800 An Ounce

Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid continued uncertainty over the economic outlook. August gold was up $11.80, or 0.7%, at $1,815.60 an ounce on Comex, while September silver rose 17.3 cents to $19.135 an ounce. Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September...

Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided. August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest...

Hong Kong Stocks End With Deep Losses (Review)

Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures including school closures. The Hang Seng Index shed 1.84 percent, or 482.75 points, to 25,727.41. The benchmark Shanghai Composite Index fell 1.95 percent, or 67.27 points, to 3,383.32 while the Shenzhen Composite Index on China's second exchange lost 0.31 percent, or 6.95 points, to...

Dow rises 200 points on positive coronavirus treatment news, airlines

Stocks rose in choppy trading Friday as traders digested news about a potential coronavirus treatment as well as another record spike in virus cases. The Dow Jones Industrial Average traded 200 points higher, or 0.8%. The S&P 500 climbed 0.4%. The Nasdaq Composite lagged, trading just below the flatline. Gilead Sciences said its coronavirus treatment candidate, remdesivir, œwas associated with an improvement in clinical recovery and a 62 percent reduction in the risk of mortality...

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