Egypt’s Religious Institutions Call for Fighting 'Hate Speech'

People gather in front of the Bois d'Aulne college after the attack in the Paris suburb of Conflans St Honorine, France, October 17, 2020. (Reuters)
People gather in front of the Bois d'Aulne college after the attack in the Paris suburb of Conflans St Honorine, France, October 17, 2020. (Reuters)
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Egypt’s Religious Institutions Call for Fighting 'Hate Speech'

People gather in front of the Bois d'Aulne college after the attack in the Paris suburb of Conflans St Honorine, France, October 17, 2020. (Reuters)
People gather in front of the Bois d'Aulne college after the attack in the Paris suburb of Conflans St Honorine, France, October 17, 2020. (Reuters)

Egyptian religious institutions stressed the need to confront hate speech which would ensure the safety of societies and strengthen relations between peoples.

The country's top religious authority, al-Azhar called for the enactment of international laws to criminalize insulting religions and their sacred symbols.

In a statement, al-Azhar described the incident of the beheading of a teacher by an extremist in Bois d'Aulne college in the Paris suburb of Conflans St. Honorine, as a “heinous crime”, stressung that murder is a crime that cannot be justified in any way.

The statement also urged everyone to “respect the beliefs of others, and reject hate speech and violence, regardless of its form, source, or cause."

Dar al-Iftaa also called for the need to adhere to the morals and teachings of religion that affirm respect for the beliefs of others, emphasizing the necessity of activating the laws against hate speech.

For his part, Egypt’s Grand Mufti Shawki Allam condemned the recent attack in Paris, saying it is a crime categorically rejected by Islam and cannot be justified, because Islam has called for the protection of human life.

Allam called on the French government not to hold Islam and Muslims responsible for this crime.

“It would be wise to deal with this issue as an individual crime in order not to spread hatred against Muslims,” he noted.

Meanwhile, the Observatory of Islamophobia, affiliated with Dar al-Ifta, warned of a wave of attacks against Muslims and their places of worship in France.

It cautioned that recent events would lead to a wave of violence and counter-violence, unless intervention is made to stop extremism and hatred rhetoric.

The Observatory confirmed, in a statement, that attacking Islam is an extremist act that must be criminalized, and confronted as a first step to prevent terrorist operations.

There is no point in fighting ISIS and terrorist organizations unless extremism and terrorism of the Western-right are fought equally.

According to the Observatory, the world is at stake and extremism is a grave danger to all societies, calling on advocates of peace and coexistence to play their important and vital role in preserving the security of society.



Gold Hits Four-week Peak on Safe-haven Demand

A view shows ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk
A view shows ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk
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Gold Hits Four-week Peak on Safe-haven Demand

A view shows ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk
A view shows ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk

Gold prices rose to a near four-week high on Thursday, supported by safe-haven demand, while investors weighed how US President-elect Donald Trump's policies would impact the economy and inflation.

Spot gold inched up 0.4% to $2,672.18 per ounce, as of 0918 a.m. ET (1418 GMT). US gold futures rose 0.7% to $2,691.80.

"Safe-haven demand is modestly supporting gold, offsetting downside pressure coming from a stronger dollar and higher rates," UBS analyst Giovanni Staunovo said.

The dollar index hovered near a one-week high, making gold less appealing for holders of other currencies, while the benchmark 10-year Treasury yield stayed near eight-month peaks, Reuters reported.

"Market uncertainty is likely to persist with the upcoming inauguration of Donald Trump as the next US president," Staunovo said.

Trump is considering declaring a national economic emergency to provide legal justification for a series of universal tariffs on allies and adversaries, CNN reported on Wednesday, citing sources familiar with the matter.

Trump will take office on Jan. 20 and his proposed tariffs could potentially ignite trade wars and inflation. In such a scenario, gold, considered a hedge against inflation, is likely to perform well.

Investors' focus now shifts to Friday's US nonfarm payrolls due at 08:30 a.m. ET for further clarity on the Federal Reserve's interest rate path.

Non-farm payrolls likely rose by 160,000 jobs in December after surging by 227,000 in November, a Reuters survey showed.

Gold hit a near four-week high on Wednesday after a weaker-than-expected US private employment report hinted that the Fed may be less cautious about easing rates this year.

However, minutes of the Fed's December policy meeting showed officials' concern that Trump's proposed tariffs and immigration policies may prolong the fight against rising prices.

High rates reduce the non-yielding asset's appeal.

The World Gold Council on Wednesday said physically-backed gold exchange-traded funds registered their first inflow in four years.

Spot silver rose 0.7% to $30.32 per ounce, platinum fell 0.8% to $948.55 and palladium shed 1.4% to $915.75.