Gold Futures Snap 4-Day Winning Streak, Settle Slightly Lower

Israel: Hamas launches rocket attack on Tel-Aviv

Hamas has launched a rocket attack on Tel-Aviv – with the Israeli ambulance service saying at least one person is in a critical condition after a building was targeted.

All flights have since been halted at the city’s Ben Gurion Airport, according to Israel’s Kan broadcaster.

Hamas said in a statement it had fired 130 rockets towards Tel-Aviv and its suburbs amid ongoing tensions between the Israelis and Palestinians.

A blast took place in the suburb of Holon on Tuesday evening, according to Israel Channel 12 TV.

WHO Calls Covid Variant In India A "Global Concern"

The World Health Organization has designated the coronavirus variant that lashes across India as a “variant of global concern.”

The more serious classification is based on the virus B.1.617 mutation causing easy transmission, more severe illness, reduced neutralization by antibodies or reduced effectiveness of treatment and vaccines.

The WHO classification of the India Covid variant as a “global concern” comes at a time India is struggling with thousands of people dying every day and tens of thousands of others getting infected everyday.

The WHO Foundation on Monday launched the “Together for India” appeal to raise funds to support WHO’s work in India, including the purchase of oxygen, personal protective equipment and medicines.

Speaking at a media briefing on Monday, WHO Director General Dr. Tedros Adhanom Ghebreyesus expressed concern over COVID cases and deaths still increasing rapidly in the South-East Asia region.

He said the shocking global disparity in access to vaccines remains one of the biggest risks to ending the pandemic.

High- and upper-middle income countries represent 53 percent of the world’s population but have received 83 percent of the world’s vaccines.

By contrast, low- and lower-middle income countries account for 47 percent of the world’s population but have received just 17 percent of the world’s vaccines.

Cavemen's cravings for 'junk food' 100k years ago helped boost our brains

CAVEMEN craved “junk food” 100,000 years ago, scientists have found.

And our appetite for beige starch-rich foods — similar to modern pizza and chips — helped fuel our brains.

Experts had thought humans only developed the taste for starch much more recently, when farming was invented.

But analysing dental plaque DNA on the fossilised teeth of real-life Fred Flintstones showed researchers that meat-loving early humans and Neanderthals also chowed down on root vegetables and starchy nuts.

Prof Christina Warinner, of America’s Harvard University, said: “We’re seeing evidence of a really ancient behaviour that might have been part of the growth of the human brain.

The brain requires glucose as a nutrient source and meat alone is not sufficient.

It’s evidence of a new food source that early humans were able to tap into in the form of roots, starchy vegetables, and seeds.

“Our findings reinforce the newer view about Neanderthals that their diets were more starch-rich and cooked.”

The findings from the seven-year study were published in the journal Proceedings of the National Academy of Sciences.

Starch now makes up about 60 per cent of calories consumed worldwide. Too much starchy foods, combined with lack of exercise, is blamed for an obesity epidemic and soaring levels of type-2 diabetes.

    Three-Year Note Auction Attracts Average Demand

    Kicking off this week’s series of announcement of the results of its long-term securities auctions, the Treasury Department revealed Tuesday that this month’s auction of $58 billion worth of three-year notes attracted average demand.

    The three-year note auction drew a high yield of 0.329 percent and a bid-to-cover ratio of 2.42.

    Last month, the Treasury also sold $58 billion worth of three-year notes, drawing a high yield of 0.376 percent and a bid-to-cover ratio of 2.32.

    The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

    The ten previous three-year note auctions had an average bid-to-cover ratio of 2.42.

    Looking ahead, the Treasury is due to announce the results of its auctions of $41 billion worth of ten-year notes and $27 billion worth of thirty-year bonds on Wednesday and Thursday, respectively.

    Gold Futures Snap 4-Day Winning Streak, Settle Slightly Lower

    Gold futures settled slightly lower on Tuesday, snapping a four-day winning streak, as an increase in U.S. bond yields dimmed the demand for the safe-haven precious metal. The yield on 10-year U.S. Treasury Notes rose to 1.62%.

    The dollar’s continued weakness helped limit gold’s downside. The dollar index, which fell to 89.98, recovered to 90.13, down by about 0.1% from the previous close.

    Gold futures for June ended down by $1.50 or about 0.1% at $1,836.10 an ounce.

    Silver futures for July closed higher by $0.175 at $27.667 an ounce, while Copper futures for July settled at $4.7620 per pound, up $0.0460 from the previous close.

    Investors looked ahead to U.S. inflation data and speeches from Fed officials this week to see how authorities are likely to respond to receding risks posed by the coronavirus in some major economies.

    The U.S. CPI report due Wednesday is forecast to show prices continued to increase in April.

    As inflation worries mount, it is feared that the Federal Reserve might start reining in its ultra-loose monetary policy sooner than expected.

    Chicago Federal Reserve President Charles Evans told CNBC on Monday that he would be comfortable if inflation ran a little hot for a while. Governor Lael Brainard will have a chance to reinforce that message later today.