Source: Reuters
Security & Justice
Israel Army Says Hit Over 100 'Terror Targets' in Lebanon in Past Day
The Israeli military on Wednesday said it struck more than 100 "terror targets" in Lebanon over the past day and had "eliminated" two Hezbollah commanders at the weekend.
Wednesday, November 20, 2024
Israeli Strikes Kill Four Lebanese Soldiers in Two Days, Army Reports
Israeli Strikes Kill Four Lebanese Soldiers in Two Days, Army Reports
Wednesday, November 20, 2024
Opinion
Flying Above the Bombs, a Lebanese Airline Becomes an Unlikely National Hero
It used to be like almost any other national carrier, fielding gripes about flight delays, ticket prices and bad food.
Wednesday, November 20, 2024
Berri's Exclusive Control Over Ceasefire Talks: A Threat to National Interests?
As U.S. envoy Amos Hochstein continues his shuttle diplomacy between Tel Aviv and Beirut, aiming to broker a ceasefire agreement between Hezbollah and Israel, Lebanese political sources are increasingly calling for transparency in the negotiations. With the possibility of a ceasefire agreement looming, many are demanding that the Lebanese public be made aware of the terms being discussed behind closed doors, especially given the high stakes for Lebanon’s future and security.
Wednesday, November 20, 2024
Sports
Alcaraz Beats Rublev to Open ATP Finals Account
Carlos Alcaraz opened his account at the ATP Finals on Wednesday with an entertaining 6-3, 7-6 (10/8) win over Andrey Rublev which boosted his hopes of reaching the semifinals.
Wednesday, November 13, 2024
Ecuador's Angulo, 22, Dies a Month After Car Crash
Ecuador international Marco Angulo has died at the age of 22 just over a month after being seriously injured in a car crash, his club has announced.
Tuesday, November 12, 2024
Wednesday 22 May 2024 12:39:27
Gold Prices Ease as Focus Turns to U.S. Fed Minutes
Gold prices inched down but hovered above the key $2,400 level on Wednesday, as investors awaited minutes from the Federal Reserve's latest policy meeting for fresh signals on the timing of U.S. interest rate cuts.
Spot gold was 0.3% lower at $2,415.33 per ounce, as of 0733 GMT. Bullion hit a record high of $2,449.89 on Monday.
U.S. gold futures were down 0.3% at $2,419.00.
One of the "factors supporting gold is fiat currency debasement undertaken by the U.S. and the developed nations due to the rising budget deficits," said Kelvin Wong, a senior market analyst for Asia Pacific at OANDA.
"There's a potential that stimulus fiscal policy will play a higher role in stimulating these countries, and if this takes shape, the confidence of the individual country currency will be eroded."
Minutes of the Fed's May policy meeting is due at 1800 GMT. Traders are currently pricing a 60% chance of a rate cut by September.
Recent data suggested U.S. inflation resumed its downward trend, but Fed policymakers said on Tuesday the central bank should wait several more months to ensure inflation really is back on track to its 2% target before cutting interest rates.
Lower interest rates and geopolitical uncertainty make bullion a favourable investment.
Gold has been solidifying above the $2,400 level ahead of a potentially looser interest rate environment later in the year, but for it to hit record highs, a pullback in the dollar or bond yields, or an increase in safe-haven demand may be required, said Tim Waterer, chief market analyst at KCM Trade.
Spot silver fell 0.8% to $31.71 after hitting an over 11-year high on Monday.
"Silver price is more momentum driven and the break out of major resistance level is more of a catch up play given resilient gold prices," OANDA's Wong said.
Platinum edged 0.1% lower to $1,045.35 and palladium dropped 1% to $1,017.00.
