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Credit cards and bank transfers – and their incumbent surveillance features – are no longer payment options for Greek citizens, they are obligations.
From its beginnings in 1938 when it first struck oil with the aptly named "Prosperity Well", Saudi Arabia's energy giant Aramco has delivered unimaginable riches to the kingdom. Aramco shares hit the domestic bourse on Wednesday after the world's largest initial public offering in which 1.5 percent of its shares were sold to raise $25.6 billion. The listing came despite Aramco being hit by a string of attacks on its facilities, the latest and most serious on September 14 when drone and missile strikes halted the flow of 5.7 million barrels of oil per day -- more than half of its output.
Voters backing Bougainville's independence from Papua New Guinea have won a landslide referendum victory, according to results released Wednesday -- a major step toward the troubled isles becoming the world's newest nation. Chairman of the Bougainville Referendum Commission Bertie Ahern declared 176,928 people -- around 98 percent of voters -- had backed independence with just 3,043 supporting the option of remaining part of Papua New Guinea with more autonomy. The announcement prompted loud cheers, applause and tears as dignitaries soon burst into song, with strains of the islands' anthem "My Bougainville" ringing out.
Investing.com - Gold prices were largely unchanged on Wednesday in Asia as traders awaited to see whether the Trump administration would proceed with even more punitive tariffs on China by the end of this week.
Gold prices were nearly unchanged on Tuesday trading is a very tight range, as it appears the holiday season has taken hold. The lack of liquidity could generate additional volatility, but traders appear to be happy to let gold prices remain range-bound. Gold prices remain range-bound and continue to have a difficult time accelerating in one direction.
Crude oil markets had a slightly positive session on Tuesday, as we press major resistance barriers above. With the recent OPEC cuts and the potential of the US/China trade deal working out, that could send the markets much higher. However, there is a line of supply to work through just above on the chart.
Gold markets trying to rally a bit during the trading session on Tuesday but failed to gain any real traction as we continue to see a lot of back and forth reading. There’s lot of risk out there right now, so that doesn’t gold but at the same time the Federal Reserve is on the sidelines so there’s no impetus for gold move in that scenario.
The Australian dollar has initially tried to rally during the trading session on Tuesday but rolled over to break through the 50 day EMA before bouncing again. In other words, we continue to chop around as per usual.
Investing.com – U.S. crude stockpiles rose last week, according to an estimate from the American Petroleum Institute released Tuesday.
Crude prices are calm, but that could change on Wednesday, when the Federal Reserve releases its monthly rate decision. A vote of confidence in the economy from the Fed could boost crude prices.
Time is playing against the U.S. and China as the deadline approaches on December 15, after which the U.S. will have to introduce new tariffs against Chinese goods.
For the first nine months of the year, gold was on a tear. But since September, the price of gold has dropped. Still, Goldman Sachs is optimistic.
Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country's already slowing economy. Heavy rains across parts of South Africa have submerged entire neighbourhoods, leading to evacuations and aggravating problems at state-owned utility Eskom, which has been struggling to keep the lights on since 2008. Harmony Gold , Impala Platinum and Sibanye-Stillwater all said they had been forced to cut production since Monday because of power shortages.
A. Technical analysis update for the SPDR Gold Shares ETF (GLD).B. Long-term bullish continuation anticipated once the current correction is completed.C. Looks like a deeper retracement may come in the near-term, before the resumption of the rally.
Investing.com - Oil prices traded slightly lower on Tuesday in Asia amid demand worries and uncertainties surrounding the trade war between China and the U.S.
Investing.com - Gold prices steadied on Tuesday in Asia ahead of a closely watched U.S. Federal Reserve meeting. Sino-U.S. trade tension were cited as supportive for gold today as more tariffs on Chinese goods are scheduled to be imposed this week.
The dollar eased and global stock markets slipped on Tuesday as uncertainty kept risk appetite in check days ahead of the Dec. 15 deadline for a new round of U.S. tariffs on Chinese imports. Investors were again torn between remarks that suggested a positive outcome to the 17-month U.S.-Sino trade war but also indicated a deal might not come until after U.S. presidential elections in November 2020. Prospects for an initial "phase one" trade deal look good, acting White House Chief of Staff Mick Mulvaney said at a Wall Street Journal event.
If successful, the offering could help put bitcoin sidechains back on the map as an alternative to ethereum for launching assets.
Coffee futures in the March contract is trading sharply higher by another 400 points or 3.21% hitting a 2 year high continuing its bullish momentum on major concerns about a drought developing in the country of Brazil which is the largest producer in the world.