U.S. Navy
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 ...
China criticizes US joint carrier drills in South China Sea
China on Monday accused the U.S. of flexing its military muscles in the South China Sea by conducting joint exercises with two U.S. aircraft carrier groups in the strategic waterway. Foreign ministry spokesperson Zhao Lijian said the exercises were performed “totally out of ulterior motives” and undermined stability in the area. “Against such a backdrop, the U.S. deliberately dispatched massive forces to conduct large-scale military exercises in the relevant waters of the South China Sea to flex its military muscle,” Zhao said at a daily briefing. The U.S. Navy said over the weekend that the USS Nimitz and the USS Ronald Reagan along with their accompanying vessels and aircraft conducted exercises “designed to maximize air defense capabilities, and extend the reach of long-range precision ...
