Gold Edges Closer to $1,800/Oz as Virus Cases Surpass 10 Million

Gavin Newsom Orders Closure Of Bars In California As Coronavirus Cases Surge

On Sunday, Gov. Gavin Newsom ordered that bars in seven California counties close bars and nightspots as cases surge in the state. These counties include Los Angeles, Fresno, Kern, San Joaquin, Tulare, Kings and Imperial.

He also recommended that eight other counties in California to take action on their own to close bars. These counties include Contra Costa, Santa Clara, Sacramento, Riverside, San Bernardino, Ventura, Santa Barbara and Stanislaus.

“COVID-19 is still circulating in California, and in some parts of the state, growing stronger,” Newsom said in a statement given to media. “That’s why it is critical we take this step to limit the spread of the virus in the counties that are seeing the biggest increases.” Newsom also tweeted out the news on Sunday.

This news comes after California passed of 200,461 coronavirus cases on June 26. The state saw a 2.5 percent rise in new cases over the previous day’s total. As a result, Newsom asked officials in Imperial County, near San Diego, to increase COVID-preventative restrictions.

French PM Wins Municipal Vote, Far Right Takes Major Town

France’s far-right National Rally party won the vote in the southern town of Perpignan in municipal elections on Sunday, while Prime Minister Edouard Philippe clinched the northern city of Le Havre.

Louis Aliot, the former partner of party leader Marine Le Pen, won around 54% of the vote in Perpignan, according to preliminary polls.

Philippe won the port city of Le Havre with around 59%, polls showed. Speculation has been running high about his possible departure from the premiership, as President Emmanuel Macron is seeking to re-orient his policies following the coronavirus crisis.

“It’s both a demonstration of confidence and an exceptional responsibility, which must be taken very seriously,” Philippe said in comments broadcast on France Info.

Macron was concerned by the low turnout on Sunday, according to a statement from the Elysee. Polls put abstention at about 60%.

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ELECTElections
POLPolitics
Topics
ELECTElections
POLPolitics

Mexico’s Nayarit Says Hospitals Full, at Odds With Federal Data

Mexico’s coastal state of Nayarit said its hospitals are full and funeral services are reaching capacity, sounding an alarm that puts it at odds with the federal government.

Nayarit will soon have to improvise plastic tarp camps to tend to the “thousands of people” who will get sick if people continue ignoring guidelines on the use of masks and social distancing, Governor Antonio Echevarriasaid in a message Saturday.

“In the coming days, hospital capacity will collapse and funerary services will not be able to meet demand,” Echevarria said. “If we continue on the same track, we have to be prepared for the worst.”

The governor’s warning contrasts with dataprovided by the federal government, which shows a scenario where only 58% of Nayarit’s regular hospital beds are occupied and less than a quarter of all ventilators are used.

Nayarit is home to Punta Mita, a world-class golf resort with courses designed by Jack Nicklaus. The state, with a population of more than 1 million, had 1,592 confirmed Covid-19 cases and 185 deaths.

India probes deaths in police custody after alleged torture

Death of two men in Tamil Nadu state has sparked outrage, with hundreds of thousands of people calling for justice.

An investigation is under way in India after two men died in police custody in Tamil Nadu state.

Relatives of the victims say they were tortured.

The case has sparked outrage, with hundreds of thousands of people calling for justice.

Al Jazeera’s Victoria Gatenby reports.

Shale pioneer Chesapeake Energy files for bankruptcy

June 28 (Reuters) – Shale pioneer Chesapeake Energy Corp filed for Chapter 11 bankruptcy protection on Sunday, the biggest U.S. oil and gas producer to collapse this year under the weight of too much debt and the drop in energy demand and prices from the COVID-19 pandemic.

Football: Real Madrid edge past Espanyol to go two clear of Barcelona

MADRID (AFP) – Karim Benzema delivered another moment of magic on Sunday (June 28) as Real Madrid took a two-point lead over Barcelona at the top of La Liga by beating bottom club Espanyol.

Benzema’s volley against Valencia could be goal of the season and he might now have a claim to best assist too after his brilliant backheel teed up Casemiro to finish for a crucial 1-0 win.

Madrid’s advantage in the table, coming after Barca’s draw away at Celta Vigo on Saturday, is their biggest since February and puts them within sight of their second league title in eight years.

Gold Edges Closer to $1,800/Oz as Virus Cases Surpass 10 Million

Gold futures edged closer toward $1,800 an ounce — a level last seen at the end of 2011 — as demand for haven assets surged amid concerns over rising coronavirus infections.

Bullion rose as deathssurpassed 500,000 worldwide and confirmed cases exceeded 10 million, according to Johns Hopkins University data. The increasing numbers are a chilling reminder that the deadliest pandemic of the modern era is stronger than ever.

The precious metal has rallied 17% this year as governments and central banks implemented stimulus measures to aid economies battered by the pandemic’s impact. Investors are increasingly turning to gold as a store of wealth, and banks including Goldman Sachs Group Inc. nowforecast it’ll hit a record $2,000 an ounce in 12 months.

Gold futures on the Comex rose as much as 0.6% to $1,790.40 an ounce, near the highest level in more than seven years, and traded at $1,788.30 at 6:20 a.m. in Singapore. Investors are also piling into bullion-backed exchange-traded funds, with global holdings at an all-time high.

Among other main precious metals, spot silver climbed 0.5%, platinum gained 0.3% and palladium added 0.3%.