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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 ...
Edo guber: APM vows to resist move by national body to arm-twist state chapter
Barely two weeks to the September 19 governorship election in Edo State, the leadership of the Allied Peoples Movement (APM) in the State has vowed to stand against what it described as an intended time bomb and seeds of calamity being sowed by certain elements at the national level of the party, which if unchecked it said is capable of derailing the country’s democracy as well as breed insecurity in Edo State. The party’s State leadership declared that the plans of the elements at the national secretariat of the party to interfere, derail and sabotage the workings of the State leadership of the party with a view to hoodwinking and hijacking the party for personal gains would be resisted. Party Chairman Dr Samson Falana Isibor, who gave the warning at a press conference in Benin City, att...
