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Gold edges higher to record high above $3,900 as US shutdown continues
Gold Price (XAU/USD ) attracts some buyers to a fresh record high around $3,920 during the early Asian session on Monday. Uncertainty surrounding a US government shutdown and expectations of the Federal Reserve (Fed) interest rate cuts support the precious metal.
Fxstreet
Mon, Oct 6
PRESS DIGEST-British Business - October 6
Oct 6 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - UK bookmaker Entain's boss Stella David said hitting the industry in next month's budget co...Reuters
Mon, Oct 6
PRESS DIGEST-Financial Times - October 6
Oct 6 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Monzo plots new push for US banking licence- Shell says Trump administration's attacks on wind projects harm investment- UK homebuye...Reuters
Mon, Oct 6
Australia's VHM gets US interest of up to $200 million for rare earths project
Oct 6 (Reuters) - Australia's VHM Ltd VHM.AX said on Monday that it had received a letter of interest from the Export-Import Bank (EXIM) of the United States for up to $200 million funding to develop its Goschen rare earths and mineral sands project.Reuters
Mon, Oct 6
GRAINS-Soybeans fall for second session on supply pressure; corn and wheat ease
SINGAPORE, Oct 6 (Reuters) - Chicago soybean futures lost more ground on Monday, as an advancing U.S. harvest and a lack of Chinese buying continued to weigh on the market.Corn slid for a second session, while wheat fell for the first time in four sessions.FUNDAMENTALS* The most-active soybean contr...Reuters
Mon, Oct 6
Trump says US hit another boat off Venezuela coast on Saturday
Strikes have killed 21 this month, according to the USTrump says US will now look to operations by landUS has not provided evidence of drug traffickingVenezuela seeks foreign support, sent letter to pope NAVAL STATION NORFOLK, Virginia, Oct 5 (Reuters) - U.S. forces hit another vessel allegedly ...Reuters
Mon, Oct 6
RPT-PRECIOUS-Gold smashes through $3,900/oz to notch record high
Oct 6 (Reuters) - Gold surged past $3,900 an ounce for the first time in early Asian trade on Monday, as safe-haven demand from a U.S. government shutdown added to the momentum from expectations of more Federal Reserve rate cuts.Spot gold XAU= gained 0.6% to $3,910.09 per ounce by 23:53 GMT on Sunda...Reuters
Mon, Oct 6
PRECIOUS-Gold smashes through $3,900/oz to notch record high
Oct 6 (Reuters) - Gold surged past $3,900 an ounce for the first time in early Asian trade on Monday, as safe-haven demand from a U.S. government shutdown added to the momentum from expectations of more Federal Reserve rate cuts.Spot gold XAU= gained 0.6% to $3,910.09 per ounce by 23:53 GMT on Sunda...Reuters
Sun, Oct 5
White House: Mass layoffs will start if shutdown talks 'going nowhere'
Layoffs depend on shutdown negotiations with DemocratsDemocrats demand healthcare assurances in shutdown talksNext Senate vote on funding bill unlikely to passBy Andrea Shalal and Leah DouglasWASHINGTON, Oct 5 (Reuters) - The Trump administration will start mass layoffs of federal workers if Preside...Reuters
Sun, Oct 5
COLUMN-Surging OPEC+ oil output leaves market with shrinking shock absorbers: Bousso
OPEC+ agrees to increase output by another 137,000 bpd in NovemberAs production increases, group's spare capacity dwindlesBut OPEC+ might not have as much spare capacity as thoughtBy Ron Bousso LONDON, Oct 6 (Reuters) - OPEC+'s continued oil output increases are eroding the group's sp...Reuters
Sun, Oct 5
Oil prices open up around 1% after modest OPEC+ output hike
SINGAPORE, Oct 6 (Reuters) - Oil prices rose about 1% at the start of trading on Monday after OPEC+ announced it would raise production from November by 137,000 barrels per day (bpd), the same modest monthly increase as in October, amid persistent worries over a looming supply glut.Brent crude futur...Reuters
Sun, Oct 5
Russia condemns U.S. strike on alleged drug vessel near Venezuela
MOSCOW, Oct 5 (Reuters) - Russia on Sunday condemned a U.S. strike on a vessel allegedly carrying illegal drugs off the coast of Venezuela and cautioned about the dangers of potential U.S. escalation in the entire Caribbean region. Russian President Vladimir Putin's foreign minister, Sergei L...Reuters
Sun, Oct 5
Russia condemns U.S. strike on alleged drug vessel near Venezuela
MOSCOW, Oct 5 (Reuters) - Russia's Foreign Minister Sergei Lavrov on Sunday criticised the U.S. strike on a vessel allegedly carrying illegal drugs off the coast of Venezuela.He said in a phone call with his Venezuelan counterpart Yvan Gil that Moscow strongly condemned the strike. "The min...Reuters
Sun, Oct 5
India Pilot Union Says Air Safety Regulator Must Thoroughly Check And Investigate Electrical System Of Dreamliners In India - Email To Civil Aviation Ministry
Oct 5 (Reuters) - INDIA PILOT UNION SAYS AIR SAFETY REGULATOR MUST THOROUGHLY CHECK AND INVESTIGATE ELECTRICAL SYSTEM OF DREAMLINERS IN INDIA - EMAIL TO CIVIL AVIATION MINISTRYSource text: [ID:]Reuters
Sun, Oct 5
OPEC+ opts for modest oil output hike as glut fears mount
OPEC+ will raise oil output from November by 137,000 bpdGroup has upped output targets by over 2.7 million bpd this yearShift in policy designed to regain market share from rivals such as U.S. shale producers By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW, Oct 5 (Reuters) - OPEC...Reuters
Sun, Oct 5
White House says layoffs will start if Trump sees shutdown talks 'going nowhere'
WASHINGTON, Oct 5 (Reuters) - The Trump administration will start mass layoffs of federal workers if President Donald Trump decides negotiations with congressional Democrats are "absolutely going nowhere," White House National Economic Council Director Kevin Hassett said.But Hassett told CNN...Reuters
Sun, Oct 5
OPEC+ agrees raise oil production by 137,000 bpd in November
Oct 5 (Reuters) - Eight OPEC+ countries agreed on Sunday to raise oil production by 137,000 barrels per day (BPD) in November, the group said in a statement. OPEC+ has reversed its strategy of output cuts from April to boost market share and in response to pressure from U.S. President Donald Tr...Reuters
Sun, Oct 5
Shell's US executive says Trump's halting of wind projects harms investment, FT reports
Oct 5 (Reuters) - The decision by President Donald Trump administration to halt fully permitted offshore wind energy projects is "very damaging" to investment, President of Shell SHEL.L U.S. Colette Hirstius told the Financial Times in a report published on Sunday.The executive told the news...Reuters
Sun, Oct 5
Shell's US executive says Trump’s halting of wind projects harms investment, FT reports
Oct 5 (Reuters) - The U.S. President Donald Trump administration's decision to halt fully permitted offshore wind energy projects is "very damaging" to investment, President of Shell U.S. Colette Hirstius told the Financial Times in a report published on Sunday.Reuters
Sun, Oct 5
