techkenyot.com
techkenyot.com August 19, 2017


Expect Gold to trade sideways: Sushil Finance

13 August 2017, 12:34 | Glen Norman

Federal Hall's George Washington statue stands near the flag-covered pillars of the NYSE

Federal Hall's George Washington statue stands near the

Wall Street put a floor under global equities on Friday after a weak inflation reading brought investors back into USA stocks even as tensions between the United States and North Korea continued to escalate, though the geopolitical fears still drove safe-haven buying of gold and the yen.

Industry watchers said the demand for smaller gold bars is increasing as they are easier to carry compared to kilo-level products.

North Korea responded to the threat with a promise to land missiles near the US Pacific territory of Guam.

LONDON, Aug 11 (Reuters) - The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion on Friday, as investors again took cover in the yen, the Swiss franc, gold and government bonds.

Silver futures for September delivery climbed 7 cents, or 0.4%, to $17.14 a troy ounce at 6:55 a.m. ET.

Himachal Pradesh landslide: Six killed, rescue operations underway
One of the state roadways bus was hit by the landslide debris and skidded off the road, falling down by nearly a kilometre. The landslide happened on the national highway that connects Manali and Mandi, shortly after midnight.

With Japanese markets closed for a public holiday, Hong Kong led the downward charge in Asia-Pacific as the Hang Seng lost more than two percent.

Asian equity markets extended a global slide on Friday, sending investors fleeing to less risky assets such the yen, the Swiss franc and U.S. Treasuries.

The dollar was further weighed on Friday by the soft USA inflation data.

"There are four more (inflation) prints between now and the December FOMC meeting and we expect the Fed to remain data-dependent, if a touch more cautious", TD Securities said in a research note.

"It's not very likely that these tensions will ease in the near future so the outlook seems supportive for gold".

Kashmir shut down over Article 35A
Mehbooba Mufti warned that any tinkering with Article 35 (A) would worsen the situation in the state when it was normalizing. But before that, the Centre and state government should clear their stand on the issue, he added.

Meanwhile, gold demand in India remained sluggish this week as local prices jumped to their highest level in almost three months and a rally in global prices dampened fresh buying elsewhere in Asia.

Gold has risen to its highest level in nearly two months, while the Swiss franc has powered against the United States dollar and seen its biggest one-day gain against the euro in more than two and a half years. It was on course for an over 5 percent weekly rise, its highest such gain since July 2016. It soared over 2 percent in the previous two sessions, and is set for a weekly gain of 2.25 percent.

The Korean won also continued to skid, down 0.45 percent to 1,147.2, falling below its 200-day moving average for the first time in a month.

Palladium climbed 0.2 percent to $898.30 per ounce and was on track to end the week 2.4-percent higher.

Overwhelming Majority Of Americans Want Trump Impeached If He Fires Robert Mueller
Trump ousted Priebus last month, replacing him with former Homeland Security Secretary John Kelly as his new chief of staff. Manafort has consistently cooperated with law enforcement and other serious inquiries and did so on this occasion as well".



Other News

Trending Now

Notes From The Phillies' 3-1 Win Over New York
He is the first Phillies pitcher since 1900 with 10 consecutive starts of at least six innings pitched and two runs allowed. New York Mets outfielder Brandon Nimmo is in the lineup against the Philadelphia Phillies Saturday night.

Simmering North Korea tensions knock back Wall Street
Shares of Macy's tumbled 10.2% and Kohl's was down 6% as the companies continued to report a drop in quarterly same-store sales. Trump's comments on Tuesday ended the Dow's nine-day streak of record closes.

How Game Of Thrones filmed a battle that's never been done for
The general consensus is that Daenerys has suffered her "treason for blood" at the hand of the blood witch Mirri Maz Durr. But where? My guess is King's Landing, his home, and where Cersei is and maybe where more than one Lannister is heading.

Keep your eyes safe while viewing eclipse
The longest the sun will be completely blocked by the moon at any point along the path is under three minutes, according to NASA . There has been a lot of talk already leading up to the eclipse but here are some numbers about the eclipse you may not know.

Sanchez to miss start of season for Arsenal
Arsene Wenger believes the uncertainty about his future had a negative effect on his team's league campaign last season. Ramsey, [Mesut] Ozil, [Per] Mertesacker ... and of course [Laurent] Koscielny is suspended.

Liverpool boss Klopp: Coutinho future decided by FSG
That is what I was always doing. "So how does it change something for me? It's just like it is". The first was good, the second unlucky but the third goal was offside.

JUSTICE LEAGUE Concept Art Shows Off BATMAN's FLYING FOX Mobile Fortress
A new Japanese poster for Justice League has surfaced online. "I guess you'd call him kind of inward, you know?". Here are a few instances where we've seen glimpses of the Flying Fox in the trailers so far...

2 killed in police helicopter crash near Charlottesville, Virginia
According to one witness who claims he was hit, protestors opposing the Unite the Right rally were obstructing three cars. Adam Schiff, D-Calif., tweeted that Trump "needs to speak out against the poisonous resurgence of white supremacy".

French leader urges calm in North Korea crisis
Trump dialed up the rhetoric early Friday, tweeting that the US military is "locked and loaded, should North Korea act unwisely". Trump's warning came after the North threatened to fire ballistic missiles over Japan towards the US Pacific island of Guam.

Quake of magnitude 6.5 strikes off Indonesian island of Sumatra: USGS
The quake with epicentre 71 km southwest North Bengkulu and depth at 10 km under seabed hit at 10.08 a.m. Geological Survey, the quake jolted 73 km west of Bengkulu, Indonesia at 03:08:11 GMT on Sunday.