Gold extends gains for a third week as the dollar weakens. December futures rose 0. 75% to $4, 605. 90 per ounce, while spot gold reached $4, 550. 44. The metal is up about 3. 6% this week.
Lebanon’s state power utility has begun cutting electricity to public bodies and municipalities with unpaid bills after the settlement deadline expired. The army and Beirut-Mount Lebanon Water Authority have paid, while others are being addressed.
Wakim: “All that’s missing is the hat and a splash of cologne. ” He criticized Syria’s reliance on direct talks and US guarantees, saying it left “the enemy at Damascus’s gates, ” and warned Lebanon is following the same path.