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The WHO said that while traditional markets play a central role in providing food and livelihoods for large populations, banning the sale of live wild mammals could protect the health of market workers and shoppers alike.
Gold drops on firm Treasury yields, dollar
9 hours ago
Gulf Today Report
Gold prices declined on Monday as US Treasury yields and dollar firmed following beyond expectation US economic data that lifted prospects for higher inflation.
Spot gold fell 0.4% to $1,735.90 per ounce by 05:35 GMT while US gold futures were down 0.4% to $1,737.10 per ounce.
Margaret Yang, DailyFX strategist said, stronger-than-expected data suggests that inflation (will be) picking up faster-than-expected in months to come, which is leading to a rise in real yields, exerting pressure on gold.
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European stocks, Asian shares decline as coronavirus cases soar
2 hours ago
Gulf Today Report
European stocks dropped on Monday as investors deferred from betting and British retailers get ready to reopen.
UK s domestically focussed FTSE mid 250 index declined by 0.2% but hovered below a record high as shops, pubs, gyms and hairdressers reopened after three months of lockdown.
Asian shares fell on Monday as investors pay remain cautious concerning the surge in coronavirus cases in different places.
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In early trading, Monday, the Nikkei 225 in Tokyo lost 0.5% to 29,611.51 and South Korea’s Kospi edged less than 0.1% higher to 3,133.06. In Hong Kong, the Hang Seng index dropped 1.2% to 28,360.32. Australia’s S&P/ASX 200 gave up 0.4% to 6,965.70 and the Shanghai Composite index sank 0.6% to 3,422.70.
Oil prices rise on prospective US fuel demand
8 hours ago
Gulf Today Report
Oil prices surged on Monday on the likelihood of fuel demand increasing in the US as consumers prepare for summer driving season and COVID-19 vaccination roll out picks up pace.
Brent was up 2 cents at $62.97 a barrel by 05:10 GMT while US crude gained 1 cent to $59.49 a barrel, after rising as much as 46 cents earlier.
According to Schork Report, at the moment, the market lacks direction, investors await a breakout of the current range.
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