Source: Economies
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
A Future Without Hezbollah
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Sports
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Real Madrid Launch Investigation into Racist Insults After El Clasico Defeat
Real Madrid has launched an investigation into racist insults directed at players during Saturday’s 4-0 home loss to Barcelona in LaLiga, it said on Sunday.
Monday, October 28, 2024
Thursday 9 November 2023 13:45:05
Gold Prices Sharpen Decline to Three-Month Trough Before Powell's Remarks
Gold prices fell in European trade on Thursday, sharpening losses for the fourth straight session, and plumbing three-week lows as investment demand declined on the safe haven.
The dollar is also gaining ground and pressuring metals ahead of Fed Chair Jerome Powell's speech later today.
Gold Prices Today
Gold prices fell 0.3% to $1,944 an ounce, the lowest since October 18, after losing 1% on Wednesday, the third loss in a row, as investment demand declines while the dollar gains ground.
Investment Demand
Gold failed to pierce $2000 once again this week as haven demand declines and there are some potential signs of an upcoming humanitarian truce in Gaza to help civilians.
The Dollar
The dollar index rose 0.1% on Thursday, maintaining gains for the fourth straight session against a basket of major rivals.
Such gains came following bullish remarks by Fed officials, which bolstered the odds for another US interest rate hike next month.
US Rates
Odds for a 0.25% interest rate hike by the Federal Reserve in December currently stands at 10%.
Powell
Now investors await Fed Chair Jerome Powell's speech later today in Washington DC, which could hold clues on the likely path ahead for US policies.
The SPDR
Gold holdings at the SPDR Gold Trust fell 0.29 tonnes yesterday, to a total of 867.28 tonnes, away from recent October 5 highs.
