Gold Settles Higher For The Day, But Records Sharpest Yearly Decline Since 2015

Gold prices climbed higher on Friday and lifted the most active gold futures contracts to a six-week high, as the dollar shed ground against its peers.

The dollar index drifted down to 95.57, giving up more than 0.4% from the previous close.

Gold futures for February ended higher by $14.50 or about 0.8% at $1,828.60 an ounce.

Gold futures gained about 0.9% in the week, added 2.9% in the month and gained about 4% in the October – December 2021 quarter. However, the yellow metal shed 3.6% in the year, the sharpest yearly decline since 2015.

Silver futures for March closed higher by $0.292 at $23.352 an ounce, while Copper futures for March settled at $4.4635 per pound, gaining $0.0710.

Quarter of Britons expect their finances to worsen in 2022

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A third said they had already deteriorated over the past three months, insurer LV= found in a poll. As living costs surge, nearly half (48 percent) of the 4,000 people questioned said their monthly living expenses had increased.

Clive Bolton, managing director of protection, savings and retirement at LV=, said: “Inflation is becoming more of a problem for many people who say their outgoings have increased, particularly those who are retired.

“Rising prices coupled with poor returns on deposit accounts will dismay pensioners whose only or main source of income is the state pension.

“Many will be financially squeezed as the cost of essential items like home heating rise. However, the economy remains relatively strong.”

Opinion | Trigger Warning: It’s My Brother’s Turn Again

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Migrant surge is a massive national security crisis – and Biden is doing 'nothing' about it: Rep. Andy Biggs

Migrant surge is massive national security, humanitarian crisis: Rep. Andy Biggs

Rep. Andy Biggs, R-Ariz., warns that the U.S.-Mexico border situation could very possibly worsen in 2022 after he witnessed the crisis firsthand in Yuma.

Rep. Andy Biggs, R-Ariz., joined "Varney & Co." Thursday and suggested the migrant surge is a massive national security crisis that the Biden administration is doing "nothing" about it.

REP. ANDY BIGGS: The White House is not doing anything, really. My sources along the border tell me that we've caught more than four times the highest level of people on the domestic terrorist watch list than ever before. That's what we have found this year, just this year alone. It's a massive national security crisis. It's a humanitarian crisis, and it's not going to get better because this administration is doing nothing about it. 

WATCH THE FULL INTERVIEW BELOW:

Rep. Andy Biggs sounds alarm on border crisis

Rep. Andy Biggs, R-Ariz., argues the migrant surge is a massive national security crisis and that the Biden administration is doing ‘nothing’ about it.

Herald morning quiz: January 2

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Denver shooting in LoDo leaves two dead, two wounded

Denver police are investigating an early Saturday morning shooting that left two people dead and two others injured.

The shooting occurred in the 1900 block of Blake Street, according to a 1:54 a.m. tweet from the police department. Four people were shot. The deceased individuals were a male and a female, police said, and two males sustained gunshot wounds and were transported to a local hospital.

Identities for the deceased were not available as of 9 a.m. Saturday, and the investigation is ongoing, according to a public information officer.

This story will be updated.

Siyata Mobile Shares Gain 40%

Shares of Siyata Mobile Inc. (SYTA) are gaining over 40% on Friday morning despite no stock-specific news to drive the shares.

SYTA is currently trading at $4.34, up $1.26 or 40.9091%, on the Nasdaq.

Siyata Mobile Inc. develops and provides cellular communications solutions for enterprise customers.

CCI orders probe against Apple for ‘unfair practices’

‘No access to potential app distributors’

The Competition Commission of India (CCI) on Friday ordered a detailed probe against technology major Apple for alleged unfair business practices with respect to its App Store.

In a 20-page order, the CCI said that Apple’s App Store is the only channel for app developers to distribute their apps to iOS consumers which is pre-installed on every iPhone and iPad.

“Further, third-party app stores are not allowed to be listed on Apple’s App Store as the developer guidelines as well as agreement prohibits app developers from offering such services… these restrictions imposed by Apple forecloses the market for app stores for iOS for potential app distributors,” CCI said in the order.

According to the CCI, this prima facie results in denial of market access for the potential app distributors/app store developers in violation of competition norms.

Further, such practices prima facie result in limiting/restricting the technical or scientific development of the services related to app store for iOS. Citing these factors, the regulator has ordered a detailed probe by its Director General.