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ISTANBUL (AP) — A year ago, a devastating 7.8 magnitude earthquake struck southern Turkey and northwestern Syria, causing widespread destruction and the loss of over 59,000 lives. Photos You Should See View All 45 ImagesThe disaster led to a massive international rescue and aid operation involving dozens of countries and organizations. The World Bank estimated the damage caused at $34.2 billion in Turkey and $5.1 billion in Syria. The East Anatolian fault system, where the disaster occurred, is near where the Anatolian, Arabian and African tectonic plates come together. The East Anatolian fault had last seen a quake of magnitude 7 or greater in 1822, when at least 10,000 were killed in Syria’s Aleppo.
Persons: Mehmet Ozhaseki, February’s, transgressors, Abby Sewell, Suzan Fraser Organizations: , Turkey's, Interior Ministry, United Nations, World Bank, Food Program, WFP, Associated Press Locations: ISTANBUL, Turkey, Syria, Turkey’s Kahramanmaras, Idlib, Aleppo, Istanbul, Elazig, Hatay, SYRIA, Brussels, Beirut, Ankara
She had also survived a smaller earthquake in the southeastern province of Elazig in 2020, she said, and expected Mr. Erdogan to help now as he had helped then. “Otherwise, the people wouldn’t have voted for him.”Interviews with quake survivors indicated many reasons that the disaster had not changed their political outlook. Some whose homes were destroyed said they had more faith in Mr. Erdogan to rebuild the affected areas than they had in his challenger, the opposition leader Kemal Kilicdaroglu. There are empty lots where buildings that collapsed once stood and blue and white tents sheltering quake survivors are scattered around town. Instead of voting based on the government’s quake response, residents said they focused on other issues.
Gold ticks up in light trade after holiday weekend
  + stars: | 2022-12-27 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices edged up in early Asian hours on Tuesday, helped by a softer dollar, although trading was thin after the long Christmas weekend. U.S. gold futures rose 0.3% to $1,810.00. Data on Friday showed U.S. consumer spending rose 0.1% in November after climbing 0.4% in October, while inflation cooled further. The European Central Bank must be prepared to take the heat and raise interest rates further, ECB policymaker Isabel Schnabel said in an interview published on Saturday. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.1% to 913.01 tons on Friday.
Gold firms as dollar rally pauses; rate-hike woes cap gains
  + stars: | 2022-10-17 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices rose on Monday after declining more than 1% in the previous session, as a pause in the dollar rally alleviated some pressure from the greenback-priced bullion, though looming U.S. rate hike restricted further gains. Spot gold rose 0.4% to $1,648.91 per ounce, as of 0405 GMT. The dollar index was flat, while the benchmark U.S. 10-year Treasury yields eased, moving away from the 14-year peak touched last week. A survey from the University of Michigan on Friday showed consumer sentiment improved further in October, but inflation expectations deteriorated a bit, keeping expectations of another 75-basis-point rate hike intact. Gold is highly sensitive to rising U.S. rates, which increases the opportunity cost of holding non-yielding gold.
Gold flat as firm dollar, U.S. rate-hike outlook dent appeal
  + stars: | 2022-10-11 | by ( ) www.cnbc.com   time to read: +1 min
Gold products are on display in front of a jewellery store at a shopping area in Elazig, Turkiye. Gold prices were flat on Tuesday, pinned near a one-week low hit in the previous session, as a firmer dollar and the prospect of further oversized rate hikes by the U.S. Federal Reserve sapped the zero-yielding asset's appeal. Spot gold was flat at $1,668.29 per ounce, as of 0143 GMT. While gold is considered a hedge against inflation and economic uncertainties, rising interest rates reduce appeal for the asset, which pays no interest. Spot silver fell 0.4% to $19.57 per ounce, platinum dipped 0.1% to $897.50 and palladium rose 0.2% to $2,176.00.
Gold flat as firm dollar, U.S. rate hike dent appeal
  + stars: | 2022-09-23 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices were flat on Friday as the dollar held close to its recent peak while the likelihood of more aggressive interest rate hikes by the U.S. Federal Reserve also weighed on the appeal for non-yielding bullion. Gold prices were flat on Friday as the dollar held close to its recent peak while the likelihood of more aggressive interest rate hikes by the U.S. Federal Reserve also weighed on the appeal for non-yielding bullion. Spot gold was flat at $1,671.60 per ounce by 0107 GMT. Gold prices have fallen nearly 20% since scaling above the key $2,000 per ounce mark in March. Spot silver was flat at $19.64 per ounce, platinum rose 0.3% to $903.22, while palladium dipped 0.2% to $2,165.10.
Un cutremur cu magnitudinea de 5,5 a zguduit duminică estul Turciei, a anunţat Institutul american de geofizică (USGS). Agenţia turcă pentru dezastre naturale AFAD a estimat că seismul a avut o magnitudine mai slabă, de 5,3. Ministrul turc de interne, Suleyman Soylu a anunţat că deocamdată nu au fost semnalate pierderi de vieţi omeneşti şi nici pagube materiale. În luna ianuarie un seism cu magnitudinea de 6,7 s-a soldat cu moartea a 40 de persoane în provinciile Elazig şi Malatya (est). În luna noiembrie, un puternic seism cu epicentrul în Marea Egee a dus la moartea a 114 persoane şi rănirea altor peste 1000, mai notează AFP.
Persons: Cutremurul, Suleyman Soylu Organizations: Agerpres, USGS Locations: Turciei, Sivrice, Elazig, Turcia
Ministrul turc de interne, Suleyman Soylu a anunţat că deocamdată nu au fost semnalate pierderi de vieţi omeneşti şi nici pagube materiale. Agenţia turcă pentru dezastre naturale AFAD a estimat că seismul a avut o magnitudine mai slabă, de 5,3. Turcia este situată într-o zonă cu de risc seismic important, una dintre cele mai active zone seismice de pe planetă. În luna ianuarie un seism cu magnitudinea de 6,7 s-a soldat cu moartea a 40 de persoane în provinciile Elazig şi Malatya (est). În luna noiembrie, un puternic seism cu epicentrul în Marea Egee a dus la moartea a 114 persoane şi rănirea altor peste 1000, mai notează AFP.
Persons: Suleyman Soylu, Cutremurul Locations: turc, Sivrice, Elazig, Agerpres, Turcia
Numărul morţilor în urma cutremurului de vineri din Marea Egee a ajuns la 100, în condițiile în care 98 de persoane au murit în oraşul Izmir din Turcia iar doi adolescenţi au murit pe insula greacă Samos, relatează Mediafax. Turcia este o țară predispusă la cutremure. AFAD a declarat că cutremurul de vineri a avut o magnitudine de 6,6 şi a avut aproximativ 1.400 de replici. A fost cel mai mortal seism care a lovit Turcia în aproape un deceniu. Pentru reportaje video și emisiuni ne găsești pe Youtube , pentru fotografii și stories vino pe Instagram , iar pe Tik Tok îți oferim o doză de amuzament
Persons: Cutremurul, AFAD Organizations: Mediafax, Youtube, Instagram Locations: Egee, Izmir, Turcia, Samos, Van, Elazig, Turciei
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