CHICAGO Bismack Biyombo Jersey , Aug. 15 (Xinhua)-- Gold futures on the COMEX division of the New York Mercantile Exchange continued its downturn on Tuesday in response to better-than-expected retail sales and manufacturing data.
The most active gold contract for December delivery went down 10.7 U.S. dollars, or 0.83 percent, to settle at 1,279.70 dollars per ounce.
U.S. nationwide retail sales in July increased by 0.6 percent, against a forecast of 0.4 percent jump. Analysts said the surge was the highest this year, probably boosted by strong demand for new vehicles and Amazon's Prime Day shopping specials.
According to another report released on Tuesday, the New York Fed's Empire State Manufacturing Index surged 15 points to 25.2, reaching the highest level in nearly three years.
The stronger economic data pressured the safe heaven gold, which suffered its steepest one-day drop in five weeks.
Gold came under additional pressure from further easing of geopolitical tensions between Washington and Pyongyang, as the U.S. dollar continued to rally.
The U.S. dollar index rose 0.35 percent to 93.79 as of 1810 GMT. The index is a measure of the dollar against a basket of other major currencies. When the dollar goes up, gold futures will fall.
As for other precious metals, silver for September delivery fell 40.8 cents, or 2.83 percent, to close at 16.714 dollars per ounce. Platinum for October fell 7.5 dollars, or 0.77 percent, to settle at 967.4 dollars per ounce.
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JAKARTA, Oct. 26 (Xinhua) -- Indonesian rescuers on Wednesday were searching for 11 miners who were trapped 50 meters underground after a gold mine collapsed in the western Jambi province, a senior official of local disaster agency said.
Soldiers, police and local rescuers were attempting to drain waters and mud from a narrow pit to find the trapped miners, said Dalmanto, senior official at the provincial agency.
""We have not recovered the miners or their bodies. The capacity of the pump is too weak to pull out all of the mud and water inside the 50-meter-deep pit. Today, we replace it with a stronger one,"" he told Xinhua.
Dalmanto said the hope was diminishing of finding any survivors as they had been buried or trapped for two days.
Heavy downpours triggered the incident at the mine located in Simpang Parit village of Marangin district on Monday, according to the official.
Indonesia is rich in mineral resources, including gold, tin and nickel.
But, heavy rains often trigger landslides and flash floods in Indonesia, where millions of people live in mountainous areas or close to flood plains.
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JUSTIN BIEBER, Coldplay and Katy Perry are among the stars who will join Ariana Grande at a benefit concert following the Manchester attack.
The One Love Manchester show will raise money for those affected by the blast which left 22 dead.
Take That, Miley Cyrus and Pharrell will also play at the Old Trafford Cricket Ground gig Sunday. Grande is offering free tickets to fans who were at her Manchester Arena show May 22.
Others performing include One Direction’s Niall Horan and Usher, with more to be announced. The venue has a 50,000 capacity and the gig will be broadcast on BBC One and BBC radio.
Tickets for the tribute concert go on sale Thursday, with prices yet to be announced. Those attending are asked not to bring bags.
Proceeds will go to the We Love Manchester emergency fund, which has been set up by Manchester City Council, in conjunction with the British Red Cross. Organizers expect at least 2 million British pounds (US$2.56 million) to be raised from the event.
Grande sent a tweet with details of the gig, with the One Love logo featuring the bunny ears she is known for wearing. Her manager Scooter Braun also tweeted, with the message: “We stand with you.”
Seven children were among the victims who died when Salman Abedi detonated a bomb May 22.
Grande, 23, suspended her “Dangerous Woman” tour, including canceling two shows at London’s O2 Arena, following the attack.
c But the U.S. singer had promised to return to Manchester, saying: “I don’t want to go the rest of the year without being able to see and hold and uplift my fans.”
Society > History > United States HistoryUnited States Plastic Gears Market 2017 : Business Rising Awareness, Financial P
Posted by nicoleautin in Society on July 24th, 2017
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