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Gold falls as potential Japan stimulus boosts risk appetite
Gold declined on Monday as Japanese equities rose on news of a potential stimulus programme that boosted investorsâ risk appetite, though fresh tensions over Hong Kong limited the metalâs fall.
 Spot gold was down 0.5% at $1,726.18 per ounce by 0512 GMT US gold futures were fell 0.5% to $1,726.60. âI think the play into stocks and other risk assets has probably supported the risk appetite, and diminished the appeal for gold in the short term,â said IG Markets analyst Kyle Rodda. âThere still seems to be the broad issue of gold prices trying to break too far above the $1,740, $1,750 mark.â
Gold on Friday rose as much as 0.8% to touch $1,739.51, before paring gains. Japan is considering fresh stimulus worth over $929 billion, which mostly consists of financial aid programmes for companies hit by the coronavirus pandemic, the Nikkei newspaper said. Japanâs Nikkei jumped 1.5% following the report.
 Highlighting a return of political uncertainty, thousands rallied on Sunday to protest against Beijingâs plan to impose national security laws on Hong Kong. The proposed national security legislation for Hong Kong could lead to US sanctions and threaten the cityâs status as a financial hub, White House National Security Adviser Robert OâBrien said on Sunday.
 Gold is seen as a safe-haven asset during political and economic uncertainties. Reflecting investor sentiment, SPDR Gold Trust holdings, the worldâs largest gold-backed exchange-traded fund, rose 0.4% to 1,116.71 tonnes on Friday. Speculators increased their bullish positions in COMEX gold and silver contracts in the week to May 19, the US Commodity Futures Trading Commission said on Friday.
Overall trading is expected to be subdued with US and UK markets shut for public holidays. Palladium fell 0.1% to $1,944.06 per ounce, platinum was down 1.5% at $827.12, and silver dropped 0.6% to $17.08.
 Read Full Details at Gold falls as potential Japan stimulus boosts risk appetite | NewsReach.in
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Entertainment news, Comedy Queen Bharti Singh Comes up with Series of Challenges on VMate to Keep All Engaged During Lockdown
Comedy Queen Bharti Singh Comes up with Series of Challenges on VMate to Keep All Engaged During Lockdown
Read Full Details at Comedy Queen Bharti Singh Comes up with Series of Challenges on VMate to Keep All Engaged During Lockdown | NewsReach.in
Indiaâs popular stand-up comedian and television personality Bharti Singh, who recently joined trending short video app VMate, has now come up with a series of interesting and hilarious challenges to spread fun and humour at a time when thereâs gloom all around.
The challenges are a part of #GharBaitheBanoLakhpati campaign, launched by VMate along with Bharti. It offers users the opportunity to earn reward up to Rs. 3 crore by creating videos on the app. Comedy Queen Bharti Singh Comes up with Series of Challenges on VMate
To initiate the same, Bharti shared videos performing the challenges herself on her official VMate profile. Through her videos, Bharti encouraged others on the app to come forward and perform the challenges. The star comedian will choose the best videos and the creators would be rewarded with exciting prizes. Bharti Singh challenges on VMate | Comedy Queen Bharti VMate Ke Sath Win Cash Upto 10 Lakhs
In one of the videos, Bharti can be seen playing the corona game, which was launched by VMate earlier in April. It is inspired by the evergreen Super Mario game, wherein flowers and mushrooms have been replaced with masks and sanitizers while the âMarioâ has been replaced with a tweaked version of the VMate mascot, Vivi. Holding an anti-corona flag, Vivi has been converted into an anti-corona mascot.
The other interesting challenge that Bharti performed was one using the water reflection sticker wherein the camera is at a position that coincides with edge of a surface, depicting that the room is full of water. When Bharti entered her hand inside the virtual water, she collected currencies, thereby suggesting that taking up the challenge could yield rewards for the users. While performing the challenge, users can use random stuff such as shoes, fish etc. Bharti will evaluate videos shared by users as part of the campaign and as a judge, pick the best ones to be rewarded.
She will send out as much as Rs. 40 lakh to select creators over a period of four days, from April 30 to May 3. Each user can earn as much as Rs. 5 lakh through the campaign.
âOur previous #21DaysChallenge saw an overwhelming response and now with Bharti coming up with these new challenges, the fun dose is certain to be doubled,â said VMate Associate Director Nisha Pokhriyal. Talking about the series of challenges, Bharti said, âWith the lockdown in place, people have been struggling to spend their time creatively at homes.
Through VMate, I am making an attempt to help them kill their boredom with some fun-filled games.â Previously at the onset of the lockdown,VMate had come up with a #21DaysChallenge wherein users were asked to perform one unique challenge each day.
While the best videos were showcased on a dedicated H5 in-app page, the creators were also awarded for completing the challenges successfully. The concept was to keep the users busy while staying at homes and make the most of the ample free time at their disposal.
VMate has taken several measures to help people in the wake of the COVID-19 outbreak and lockdown. Ensuring that VMate users got authentic and relevant information, the app onboarded doctors and simultaneously launched a profile titled âMyth Busterâ, which furnished WHO-sourced data in animated and interactive format.
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