Emirates Stops Flights to 3 Major Australian Cities

FILE PHOTO - An Emirates Airbus A380-800 plane is seen at Nice International airport in Nice, France, September 19, 2018. REUTERS/Eric Gaillard
FILE PHOTO - An Emirates Airbus A380-800 plane is seen at Nice International airport in Nice, France, September 19, 2018. REUTERS/Eric Gaillard
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Emirates Stops Flights to 3 Major Australian Cities

FILE PHOTO - An Emirates Airbus A380-800 plane is seen at Nice International airport in Nice, France, September 19, 2018. REUTERS/Eric Gaillard
FILE PHOTO - An Emirates Airbus A380-800 plane is seen at Nice International airport in Nice, France, September 19, 2018. REUTERS/Eric Gaillard

Dubai-based Emirates has suspended flights to Australia's three largest cities.

The carrier was one of the last to maintain routes into and out of the country's east coast throughout most of the pandemic but on Friday evening told travelers a handful of planned flights next week would be the last.

"Due to operational reasons, Emirates flights to/from Sydney, Brisbane and Melbourne will be suspended until further notice," Emirates said on its website.

The airline will still run two flights a week to Perth.

Australia's borders have effectively been closed since March to curb the spread of the coronavirus, with the government even limiting the number of citizens allowed to return.

Last week travel restrictions were further tightened, with arrival numbers slashed and all travelers into the country requiring a negative Covid-19 test before flying.

In making the changes, Prime Minister Scott Morrison cited a growing number of people in quarantine testing positive for new strains of Covid-19.



Gold Edges Up on Weak US Dollar, Political Uncertainty

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. - Reuters
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. - Reuters
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Gold Edges Up on Weak US Dollar, Political Uncertainty

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. - Reuters
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. - Reuters

Gold prices edged higher on Wednesday, aided by a weaker US dollar and political uncertainty following the latest import tariffs announced by US President Donald Trump.

Spot gold firmed 0.1% $2,918.83 an ounce as of 0955 GMT after rising nearly 1% on Tuesday. Prices hit a record high of $2,956.15 on February 24 and have gained 11% so far this year.

US gold futures rose 0.3% to $2,929.70.

"Uncertainty is food and water for gold and hence the bias on prices is to the upside," independent analyst Ross Norman said, Reuters reported.

"Gold looks content to consolidate after recent gains, but with one eye firmly on the $3,000 level."

The dollar index dropped to a three-month low, making bullion more appealing to other currency holders.

In an address to Congress, Trump said further tariffs would follow on April 2, including "reciprocal tariffs" and non-tariff actions aimed at balancing out years of trade imbalances. This came just after he followed through on new 25% tariffs on imports from Mexico and Canada that took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%.

Meanwhile, top bullion consumer China unlocked more fiscal stimulus, promising greater efforts to support consumption and cushion the impact of an escalating trade war with the United States.

Markets now await the ADP employment report due at 1315 GMT and US nonfarm payrolls on Friday for cues on the US interest rate trajectory.

"Geopolitical events and tariffs are currently overshadowing economic data... Significant deviations from market expectations would be needed to create meaningful movement, and any reaction to this week’s ADP and payrolls data is likely to be short-lived," said Zain Vawda, market analyst at MarketPulse by OANDA.

Spot silver advanced 1% to $32.32 an ounce, platinum gained 1% to $970.20, and palladium added 1% to $951.50.