Gold rose on Friday morning in Asia. However, the yellow metal braced for its third consecutive weekly decline, weighed by signs that the US Federal Reserve will accelerate the pace of reduction in asset purchases and raise interest rates earlier than expected to curb inflationary pressures. Gold futures rose 0.66% …
Read More »Gold Loses its Luster After Fed’s Statements
Gold prices fell on Thursday as investors expected the Federal Reserve (the US central bank) to scale back its bond-buying program faster to counter soaring inflation despite economic concerns over the spread of the new mutated Omicron. Gold fell in immediate transactions 0.3 percent to 1777.87 dollars an ounce (an …
Read More »Market Mood Pushes Gold Prices Higher
Gold recovered on Wednesday alongside the relative improvement market’s mood. The precious metal is currently trading in the $1,780.00 territory.Gold prices advanced on easing demand for the US dollar, as stocks turned green following Tuesday’s setback.The absence of first-tier events and relief news related to the coronavirus Omicron variant reinforced …
Read More »China Says it Has Completed Vaccinating More Than 70% of Its Population Against COVID-19
China has completed vaccinating more than 70 percent of its 1.4 billion people against COVID-19 with full doses, data released by health authorities on Thursday showed. A total of 1.01 billion people in China had received full doses of vaccines as of September 15, Mi Feng, a spokesman for the …
Read More »New COVID-19 Variant Spurs Concerns
The World Health Organization (WHO) has warned that a new strain of the coronavirus has been detected in many countries across the world. Named Mu, the first case infected with the new variant was discovered in Colombia last January but has now been identified in 39 countries. It has become …
Read More »WHO Warns About Corona Cases
The Director-General of the World Health Organization, Tedros Adhanom, warned during press statements of the danger of an acceleration in the pace of Coronavirus infections again globally, saying that humanity is now in real danger due to the spread of Coronavirus infection. The international official indicated that the world has …
Read More »WHO Urges the World to Cooperate Better with Covid Origin Investigation
The World Health Organization said Friday (July 23) that all countries should cooperate to find out the origin of the coronavirus a day after China rejected the proposed scope of a second phase of the investigation. In response to a question about China’s refusal, said Tarik Yasarvic, a spokesman for …
Read More »China Rejects WHO Investigation Into COVID-19
The Chinese government has on Thursday rejected the World Health Organization’s (WHO) plan for the second phase of an investigation into the origins of the novel coronavirus (COVID-19) that caused a global pandemic. The plan reportedly includes inspecting the hypothesis that the virus could have escaped from a Chinese laboratory, …
Read More »China Rejects WHO Plan to Re-investigate Origins of COVID-19
A senior health official said that China has rejected the World Health Organization’s plan to conduct the second stage of investigation into the origin of the Coronavirus, which includes the hypothesis that it may have leaked from a Chinese laboratory. The World Health Organization this month proposed conducting a second …
Read More »WHO is Ruling Out Making COVID-19 Vaccines Widely Available Before mid-2021
A spokeswoman for the World Health Organization said that the organization does not expect to provide immunization and prevention on a large scale from the disease Covid-19 before the middle of next year, stressing the importance of conducting accurate tests to ensure the effectiveness of vaccines and the safety of …
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