Political Advisor
Gold rises on renewed US stimulus hope, dollar falls
Spot gold rose 0.3 percent to $1,910.56 an ounce at 3:37pm, New York time, after falling as much as 0.5 percent. Gold rose on renewed optimism for a preelection aid package in the U.S., while the dollar fell to a one-week low. House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin. Senate Majority Leader Mitch McConnell said his chamber would take up a comprehensive coronavirus package if an accord is struck. The Bloomberg Dollar Spot Index headed for the third straight decline. Pelosi said in a Bloomberg Television interview that while there are areas where more work is required to get a compromise, she was pleased with the Trump administration’s latest position on coronavirus testing ...
Tehran, Brussels reject Donald Trump’s ‘snapback’ plan for Iran sanctions
Iran and the European Union have both rejected United States President Donald Trump’s plan to trigger the “snapback” mechanism in the Iranian nuclear deal to impose sanctions on Iran. “The Americans got out of the atomic deal in May 2018 and they know very well that the implementation of the snapback is something illegal and, therefore, absolutely unacceptable,’’ Iranian Foreign Minister, Mohammad Javad Zarif, said on Sunday, according to state media. The snapback was granted to the participants in the 2015 Vienna nuclear agreement between major world powers and Iran in the event that Tehran violates it. However, under Trump, the United States withdrew unilaterally from the agreement in 2018. “Since Washington withdrew from the agreement, officially known as the Joint Comprehensive Plan of...
