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Russian Defence Minister Sergei Shoigu (Photo: Russian Business Today)

Russian Defence Minister gets ‘Sputnik V’ shot for Covid-19

Russian Defence Minister Sergei Shoigu said Friday he had been inoculated with the country's coronavirus vaccine, according to the Defence Ministry.

"When asked by his foreign colleagues, Sergei Shoigu said he had recently been inoculated with the Russian coronavirus vaccine", the ministry said.

The statement was released as Shoigu is taking part in a meeting of defence chiefs from the Commonwealth of the Independent States, the Shanghai Cooperation Organisation, and the Collective Security Treaty Organisation on Friday.

Russian Trade Minister Denis Manturov earlier said he had been inoculated with the vaccine, adding that he had a slightly higher temperature the first day.

President Vladimir Putin has stressed that the vaccine is safe, stating that his own daughter also took it, and is feeling fine.

The world's first vaccine, dubbed Sputnik V, was developed by the Gamaleya Institute and officially registered on 11 August. Though the drug is still being tested, with the third phase of clinical trials underway, Russian health officials streesed it has a proven capability to produce stable immunity against the coronavirus, Sputnik News reported.

US happy to help in China-India border dispute

The United States is ready to help resolve the dispute between India and China over the mountain border running through the western Himalayas, President Donald Trump said on Friday.

As reported by Reuters, Trump told reporters the situation was “very nasty,” adding that the two countries were “going at it much more strongly than a lot of people even understand.”

Both sides deployed additional forces along the frontier after a clash in June, during which 20 Indian soldiers were killed in hand-to-hand fighting.

The defence ministers of India and China held talks in Moscow on Friday, the highest level face-to-face political contact since tensions flared along the disputed mountain border in May.

A U.S. government source told Reuters in Washington the U.S. assessment is that neither China nor India are interested in pushing the dispute to the point that they would engage in war.

Trump, asked about the dispute at a news briefing in the White House, said Washington was talking with both countries about what it could do to help defuse the situation.

“We stand ready to help with respect to China and India. If we can do anything, we would love to get involved and help,” he said.

Trump has offered to mediate between the two nuclear-armed nations in the past. China has said that there is no need for a third party to mediate and India has also appeared cool to the idea.

The United States is ready to help resolve the dispute between India and China over the mountain border running through the western Himalayas (Photo: NYT)

North Korea may be preparing launch of submarine missile -think tank

Satellite imagery of a North Korean shipyard on Friday shows activity suggestive of preparations for a test of a medium-range submarine-launched ballistic missile, a U.S. think tank reported on Friday.

The Center for Strategic and International Studies said the images it published on its website of North Korea’s Sinpo shipyard showed several vessels within a secure boat basin, one of which resembled vessels previously used to tow a submersible test stand barge out to sea.

It said the activity was “suggestive, but not conclusive, of preparations for an upcoming test of a Pukguksong-3 submarine launched ballistic missile from the submersible test stand barge.”

North Korea said last October it had successfully test-fired a Pukguksong-3, a new submarine-launched ballistic missile (SLBM), from the sea as part of efforts to contain external threats and bolster self-defense.

That launch was seen by analysts as the most provocative by North Korea since it entered dialogue with the United States over its nuclear weapons and missile programs in 2018.

North Korea has suspended long-range missile and nuclear tests since 2017, but efforts led by U.S. President Donald Trump to persuade it to give up its nuclear and missile programs have achieved little, Reuters said.

Satellite imagery of a North Korean shipyard on Friday shows activity suggestive of preparations for a test of a medium-range submarine-launched ballistic missile (Photo: Defence.az)

Gold consolidates ahead of payroll report

Gold prices were stable ahead of the US jobs report. The dollar was buoyed and has been supported all week. The dollar rebound seems to have occurred in tandem with the increase in US volatility which has been rising all week. German factory orders increased in July rising by 2.8% after the June was revised up to a 28.8% jump rather than 27.9%

Gold prices remained steady at the tail end of the week ahead of the long US holiday weekend. Prices pushed through short-term support is seen near the 10-day moving average at 1,945, which is now seen as short-term resistance. Target support is seen near the 50-day moving average at 1,899. Additional resistance is seen near the August highs at 2,075, FX Empire reported.

(Photo: FX Empire)

Medium-term negative momentum is accelerating as the MACD histogram is printing in the red with a falling trajectory which points to lower prices. Short-term momentum has turned negative after recently turning positive which is a sign of consolidation. The relative strength index has turned lower reflecting decelerating positive momentum.

The unemployment report is expected to show an increase of 1.35 million non-farm payrolls, down from 1.76 million in July. The unemployment rate is expected to slip to 9.8%. The question is whether traders will be okay with the slowing rate of unemployment.

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