The US economy recovered during the Israel war
War situation and influence
The Israeli military says it has struck a Hezbollah target in southern Lebanon after one of its drones was fired on.
The move came in response to "the infiltration of unidentified aerial objects into Israel and fire on an IDF UAV ," the Israeli military said in a statement Saturday morning local time, adding that it intercepted both the aerial objects and the fire.
A CNN team on the ground in southern Lebanon heard two loud explosions in the early hours of Saturday.
In an earlier statement, the Israeli military said the "infiltration of an unidentified object" took place near the city of Shfar'am in northern Israel.
Fundamental Overview
On Friday, Gold price witnessed a $100 turnaround, helped by a flight to safety theme heading into the weekend’s geopolitical uncertainty. Further, investors resorted to covering their short positions on expectations that the ongoing Hamas-Israel war could keep upside risks intact for Gold price. The bright metal jumped from $1,832 to record three-week highs at $1,933 in American trading after snapping the gradual advance.
Further, a lack of demand for the US Treasuries on the back of concerns over rising deficits, added to the Gold price strength. A pause in the US Dollar recovery on dovish Fed talks also aided the Gold price rally.
Starting off the week on Monday, Gold price is paring back gains, in a natural corrective mode after Friday’s big move. The retracement in Gold price comes, despite a subdued US Dollar performance. However, a fresh uptick in the US Treasury bond yields could be also attributed to the pullback in Gold price.
The Israeli military says it has struck a Hezbollah target in southern Lebanon after one of its drones was fired on.
The move came in response to "the infiltration of unidentified aerial objects into Israel and fire on an IDF UAV ," the Israeli military said in a statement Saturday morning local time, adding that it intercepted both the aerial objects and the fire.
A CNN team on the ground in southern Lebanon heard two loud explosions in the early hours of Saturday.
In an earlier statement, the Israeli military said the "infiltration of an unidentified object" took place near the city of Shfar'am in northern Israel.
Fundamental Overview
On Friday, Gold price witnessed a $100 turnaround, helped by a flight to safety theme heading into the weekend’s geopolitical uncertainty. Further, investors resorted to covering their short positions on expectations that the ongoing Hamas-Israel war could keep upside risks intact for Gold price. The bright metal jumped from $1,832 to record three-week highs at $1,933 in American trading after snapping the gradual advance.
Further, a lack of demand for the US Treasuries on the back of concerns over rising deficits, added to the Gold price strength. A pause in the US Dollar recovery on dovish Fed talks also aided the Gold price rally.
Starting off the week on Monday, Gold price is paring back gains, in a natural corrective mode after Friday’s big move. The retracement in Gold price comes, despite a subdued US Dollar performance. However, a fresh uptick in the US Treasury bond yields could be also attributed to the pullback in Gold price.
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Biden spoke with families of missing Americans for about 45 minutes, father tells CNN
Dekel-Chen said it wasn’t an easy conversation, but that the president made it clear that he and the administration are in it for the “long haul.”
“As crazy as this must sound, at that moment, as proud as I am to be an Israeli I was no less proud to be an American as a result of that phone call,” he said. “And honestly most of the time he was listening to people’s stories and their desires for his action, and his answers were inspiring.”
Although the president could not give much information, according to Dekel-Chen, the president’s “willingness to listen” was “extraordinary.”
Dekel-Chen’s son, Sagui has been missing since Saturday when his kibbutz was invaded.
Some context: Hamas, the militant group that governs Gaza, kidnapped a number of people, including both civilians and soldiers, during its October 7 attack on Israel. It's unclear how many people are being held hostage; Israeli authorities have said as many as 150 people may have been kidnapped. The IDF said Friday that it had notified 120 families of those taken hostage.
Dekel-Chen said it wasn’t an easy conversation, but that the president made it clear that he and the administration are in it for the “long haul.”
“As crazy as this must sound, at that moment, as proud as I am to be an Israeli I was no less proud to be an American as a result of that phone call,” he said. “And honestly most of the time he was listening to people’s stories and their desires for his action, and his answers were inspiring.”
Although the president could not give much information, according to Dekel-Chen, the president’s “willingness to listen” was “extraordinary.”
Dekel-Chen’s son, Sagui has been missing since Saturday when his kibbutz was invaded.
Some context: Hamas, the militant group that governs Gaza, kidnapped a number of people, including both civilians and soldiers, during its October 7 attack on Israel. It's unclear how many people are being held hostage; Israeli authorities have said as many as 150 people may have been kidnapped. The IDF said Friday that it had notified 120 families of those taken hostage.
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