MY DONEGAL ……..WITH EARAGAIL ARTS FESTIVAL DIRECTOR PAUL BROWN

first_imgThe success of the Earagail Arts Festival was once again clear this year as visitors from around the world congregated at the many events throughout the county between the 7th and 22nd of July. The latest choice for ‘My Donegal’ is a man who along with a hard-working team is responsible for that success; Earagail Arts Festival Artistic Director Paul Brown.By Caoimhe Ní Chathail What is our favourite place in Donegal and why?There are so many of them, it’s a hard one. Horn Head is probably it. It’s just so dramatic out there in terms of the scenery and the fact that you’re right out on the Atlantic. It’s that combination of the remoteness of it but also the mixture of sea-cliffs, the sea and if you get a real clear day out there it’s a magical place to be. If you could change one thing about Donegal what would it be?The public transport infrastructure, in terms of actually getting people to Donegal. I think Donegal has been left out a lot over the years in terms of transport. But then again maybe we don’t want the county over-run with tourists either but I think definitely it’s something that I would change.Who is the one person in Donegal that you look up to and why?I would say my partner Sally Murphy because she’s so patient and she’s a great support and she’s the mother of my children.Daniel O’ Donnell or Packie Bonner?Daniel O’ Donnell, you have to admire the man. I was in Adelaide earlier this year at the Adelaide festival which is this huge venue and all the posters were up on the walls for all the forthcoming concerts by international artists like Riverdance and huge names in music and performance and the only poster on the wall that had a ‘sold out’ sticker on it was Daniel’s. You have to admire him.What has been Donegal’s proudest moment in recent years?I think the Relay for Life that took place earlier this year. It was just amazing to see so many people come out and support it. It gave you a real sense of the generosity and spirit that there is in Donegal but also it was a really poignant moment to acknowledge how many people are affected by cancer as well. It was definitely just a really good moment in terms of community coming together. What has been Donegal’s saddest moment?The terrible tragedy that happened on the roads there two years ago up in Inishowen with young people losing their lives. It highlights a real issue in rural areas, particularly where a car is seen as a symbol of liberation and that’s a difficulty. Obviously select people lose their lives and I think it’s one of the worst problems in Donegal.What is your favourite Donegal-made product?There’s a craft brewer in Rathmullen, Kinnegar Brewery, and he makes some amazing beers. It’s great to see somebody making products locally as well. Who is Donegal’s greatest ambassador around the world and why?I think probably somebody like Moya Brennan from Clannad. I think any of our ambassadors, whether it’s sport personalities or musicians, particularly our musicians are really good ambassadors because their music is so well known internationally. Moya is a great supporter of her home county and I think that’s why she would be one of the best ones.Who is Donegal’s most successful business person in your opinion?I suppose Sir Gerry Robinson would be the obvious one just because of all the positions he has had over the years.Who is your favourite Donegal sportsperson of all time?It would probably have to be Packie Bonner.What is your favourite Donegal restaurant?Firebox in Fawn.Donegal’s golden eagles or basking sharks?Golden eagles.Your nomination for Donegal’s most stylish person.Again I would have to go with my partner for that one!What is your favourite Donegal saying or expression?“What’s the craics?”Will Donegal win the All-Ireland this year?I do hope so!What is your favourite Donegal food?Any of the seafood.If you had a million euro to spend on improving something in Donegal what would it be?An increased budget for the Earagail Arts Festival every year!MY DONEGAL ……..WITH EARAGAIL ARTS FESTIVAL DIRECTOR PAUL BROWN was last modified: August 8th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Earagail Arts FestivalMY DONEGALPaul Brownlast_img read more

Resolute outgoing CEO urges government not to capitulate on softwood lumber

first_imgMONTREAL – A Canadian industry leader in the fight against U.S. softwood lumber duties who is retiring imminently is urging the government not to “capitulate” during what he expects will be a lengthy battle with the United States.“We believe in free trade,” Resolute Forest Products Inc. chief executive Richard Garneau said in an interview before he steps down Thursday afternoon.“We believe in having strong principles and never capitulate, even though you believe that (if) there is someone a lot bigger and stronger you have to defend your principles.”Garneau, 70, has been the strong voice of eastern Canadian lumber, pulp and paper producers.“I was certainly not happy when in 2006 we had to pay a ransom,” he said of the last softwood lumber deal.Garneau’s comments came as weak fourth-quarter results sent the Montreal-based company’s shares tumbling.They closed down nearly 29 per cent to $10.01 in Thursday trading on the Toronto Stock Exchange.“The government has made all the changes on stumpage, I think now we have to fight for free trade.”Garneau said he is encouraged by Foreign Affairs Minister Chrystia Freeland’s tough stand defending the industry by challenging U.S. trade actions.Despite threats of doom and gloom from import duties, the industry has thrived by passing on them on to consumers through higher lumber prices.Garneau expects that once U.S. housing starts slow, lumber demand will come down and cause some pain to Canadian producers.“We have to wait and see the impact, but I think history always repeats itself. It seems that the people forget what happened when you take the wrong decision.”During his seven years at the helm of AbitibiBowater, renamed Resolute Forest Products, Garneau has overseen restructuring that he said has made the company stronger.He has been accused of being heavy-handed by filing lawsuits against environmentalists such as Greenpeace who launched campaigns to discredit the company to customers.Despite the battles, Garneau said he’s been able to improve relations with First Nations, small communities, mayors and unions that depend on the forest sector.Industry analysts praised Garneau’s leadership.“I will miss your honesty and more importantly your passion,” Paul Quinn of RBC Capital Markets said in a conference call.“We’re certainly going to miss your strong voice in the industry,” added Hamir Patel of CIBC World Markets.Yves Laflamme — currently Resolute’s senior vice-president of wood products, global procurement and information technology — has been appointed as a replacement effective Friday.A 37-year-old Resolute veteran, Laflamme, 61, said he doesn’t foresee conducting any major changes, including sticking with all four divisions, even though three face U.S. trade sanctions.“I’m going to look at all opportunities but of course it’s going to be more continuity,” he said in an interview.The leadership change was announced as Resolute disappointed despite swinging to a profit of $13 million or 14 cents per diluted share. That compared with a loss of $45 million or 50 cents per share a year ago. Sales for the three months ended Dec. 31 totalled $898 million, up from $889 million a year ago.Excluding special items, the company said it earned $14 million or 15 cents per share for the quarter, compared with a loss, excluding special items of $7 million or eight cents per share in the fourth quarter of 2016.Patel said analysts expected 62 cents per share in adjusted profits.For the full year, Resolute reported a loss of $84 million or 93 cents per diluted share, compared with a loss of $81 million or 90 cents per diluted share in 2016. Sales totalled $3.51 billion, down from $3.55 billion.Excluding special items, Resolute said it earned $12 million or 13 cents per share last year compared with a loss of $12 million or 13 cents per share in 2016.Follow @RossMarowits on Twitter.Companies in this story: (TSX:RFP)last_img read more

Air pax growth slows to whimper in March… ends 4-year record

first_imgMumbai: Domestic air passenger traffic growth managed to remain in the green in March growing falt or 0.14 percent, largely due to the huge capacity reduction following the troubles at Jet Airways in the month, show the monthly data released by the DGCA Monday. The cumulative traffic of 11 domestic airlines stood at 11.59 million in March compared to 11.58 million passengers a year ago, as per the data. The March numbers are a big setback to the industry which had been clipping at over 20 percent for more than four years in a row. After a record run-rate in high double digits, traffic has been on a lower altitude in January when it grew 9.1 percent, first single digit growth in four years, and lost the momentum further in February when the incremental growth was capped at a low 5.62 percent. Also Read – Thermal coal import may surpass 200 MT this fiscalThe disappointing March numbers can most be attributed to the troubles that Jet had been facing and the resultant spike in ticket prices across other airlines. The airline was finally grounded last week. Jet Airways, once the second largest airline after no-frills IndiGo, lost as much as nearly half of the market share to 5.37 percent during the month under review as against 10 percent in the same period of last fiscal. Together with subsidiary JetLite, the consolidated traffic of the now non-functional carrier was 6.71 lakh passengers in month, whereas in the same period last year it had flown 15 lakh passengers on its own. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostBudget carrier IndiGo continued to be the largest player with a market share of 46.9 percent ferrying 54 lakh passengers during the month, while its closest rival SpiceJet was a distant second with 13.6 percent of the total traffic pie carrying 15.81 million in March. Significantly, the national carrier Air India, which has a number of aircraft on ground for quite some time now, had the dubious distinction of cancelling the maximum number of flights or 8.94 percent of its scheduled departures, followed by JetLite and new entrant Star Air. The passenger load factor in March has shown falling trend compared to February due to end of the vacation period. SpiceJet continued its spree of highest average seat occupancy across its planes at 91.4 percent while GoAir topped the on-time performance chart for the sixth consecutive month at 95.2 percent.last_img read more

ED arrests Heera Gold chairman in `3,000 cr Ponzi scam: Officials

first_imgNew Delhi: The ED has arrested three people in connection with a Rs 3,000 crore Ponzi scheme run by Hyderabad-based Heera Islamic Business Group, commonly known as Heera Gold.Group chairman Nowhera Shaikh along with Molly Thomas and Biju Thomas will be under the probe agency’s custody for seven days beginning Wednesday. The company has been accused of running a collective investment scheme, where depositors were asked to invest with the promise of returns as high as 36 percent. Also Read – 2019 most peaceful festive season for J&K: Jitendra SinghThe investigation by the Enforcement Directorate so far has revealed that the company duped more than 1.72 lakh investors across India by collecting over Rs 3,000 crore and promising unrealistic returns through gold trading. In addition to roping in unsuspecting investors in Telangana, Andhra Pradesh, Maharashtra, and Kerala, the company also collected deposits from NRIs in Middle-Eastern countries like UAE and Saudi Arabia, the agency said. The ED investigations have further revealed that Shaikh had no business operations that could sustain this investment scheme and that she and her associates had funneled depositors’ money into their personal accounts. The ED has accused Shaikh’s PA, Molly of being in cahoots with her and Biju, MD of Suvan Technologies that had created software for Heera Group of managing all the bank accounts. The agency said Shaikh had opened 24 entities under the Heera Group and subsequently opened 182 bank accounts for these entities across India. In addition, Shaikh is also said to have opened up to 10 bank accounts in UAE and Saudi Arabia. The ED took up the investigation under PMLA after taking cognizance of FIRs registered by Telangana Police in the case.last_img read more

Carli Lloyds Historic Hat Trick Won The World Cup

VANCOUVER — After 16 years, the U.S. women’s national team is again the world champion. On a sunny late afternoon here, the U.S. defeated reigning world champs Japan 5-2 and became the first country to win three Women’s World Cup titles.The Americans didn’t waste any time getting there, either, scoring four goals in less than 20 minutes — scoring those four goals faster than any one goal had ever been scored in a Women’s World Cup final. Carli Lloyd was deservedly tonight’s player of the match, scoring the first-ever hat trick in a Women’s World Cup final (only England’s Geoff Hurst has done it in a men’s final, in 1966) and also the earliest-ever hat trick; all three of her goals came in the first 16 minutes. Lloyd’s goals were representative of the U.S. team’s play; as soon as the whistle blew, the U.S. pressured Japan all over the field, not allowing the Japanese to settle the ball and play the technical soccer they prefer.But just when it looked like it might be another blowout like the Germany vs. Brazil match we saw last year at the men’s World Cup, Japan was on the board in the 27th minute with a nice turn and shot by Yuki Ogimi.Just after halftime, Japan scored again, and the 4-2 scoreline made it look like a game again. But the U.S. didn’t let up, and Tobin Heath’s goal (the U.S.’s fifth) in the 54th minute became the last of the highest-scoring Women’s World Cup final ever.Soccer is boring, right? No one ever scores? read more

Drew Brees Deserves Credit For The Saints Running Game Too

Excludes plays that are obvious passing or rushing situations: when a team is down by at least two scores, is in a short-yardage situation, is at the goal line or is showing three or more WRs; or when the game is in the final six minutes.Source: ESPN Stats & Information Group Tennessee3.931.0239 Indianapolis3.620.02727 Cleveland4.123.21022 New Orleans5.121.5%125 San Francisco4.127.31316 LA Rams4.522.6324 Atlanta4.217.3732 New England4.427.7515 Carolina3.642.0282 Denver4.021.21826 Arizona3.444.0301 NY Giants4.033.9168 TeamYards/Rush8+ Box RateYards/Rush8+ Box Oakland4.137.5113 Philadelphia4.534.547 Detroit3.318.03131 Chicago4.119.51429 Washington3.627.92614 Minnesota4.028.31912 NY Jets4.030.52010 Kansas City4.722.9223 Dallas4.336.665 Pittsburgh4.037.2174 LA Chargers3.924.12221 RANK Teams don’t crowd the line to stop New OrleansNFL teams by rushing yards from running backs in 2017, with how often each offense faced at least eight defenders in the box Cincinnati3.719.62528 Tampa Bay3.525.22918 Jacksonville4.236.296 Buffalo4.028.92111 Seattle3.318.23230 Miami4.128.01513 Baltimore4.227.0817 Green Bay4.124.61220 Houston3.824.82419 After more than a decade of tearing teams to shreds through the air, the New Orleans Saints made a stunning change this season to their offense: They grounded their arsenal. The 2017 Saints are the most dominant rushing team in football, comfortably leading the league in yards gained by running backs. So the obvious solution for the Carolina Panthers in Sunday’s wild-card game is to stack the box with too many defenders for the Saints offensive line to block.But this won’t happen. And here’s what makes the New Orleans offense something that previously existed only in a defensive coordinator’s night terror: Drew Brees is still one of the NFL’s most effective passers, even when he’s leading the game’s best rushing attack. To put it another way, the Saints are winning because of their running game, and the Saints running game is winning because of Brees.Despite racking up more than 2,000 rushing yards by mostly Mark Ingram (1,124) and Alvin Kamara (728), the running backs and the team’s offensive line rarely had to account for eight or more defenders near the line of scrimmage. Saints’ opponents have been unwilling to commit to stopping the run — which is what you generally do against great running teams. To measure this fairly across the league, we first need to get rid of all the obvious pass or run scenarios based on down and distance or game situation.1We threw out any play where there were more than two wide receivers in the formation or an offense was down two or more scores because this suggests to a defense that a pass is coming. We also dumped all short-yardage plays (1 yard from a first down) and goal-line situations (3 or fewer yards from the end zone). Lastly, we ignored the final six minutes of the game because an offense’s intentions here are frequently obvious — whether it’s to play catch-up (pass) or to kill clock (run). Looking at what’s left, the Saints faced stacked fronts of eight or more defenders on just 37 of their 172 rushing plays, according to ESPN’s Stats & Information Group — a rate of 21.5 percent that’s 25th in the league. The average for all NFL teams is 28 percent. The Saints weren’t the only team that seemed to be preventing defenses from loading the box, but they had by far the most running success. Like the Saints, the Chiefs and Falcons ranked in the top five in yards per pass, which was enough to keep defenses from committing to stopping the run. While the Rams appear to fit this profile too, they played so many three-plus WR sets that teams simply could not commit that many defenders to the line of scrimmage.Playing against conventional fronts even when employing run-friendly personnel (no more than two WRs) is the key to the Saints’ success in generating yards before contact. Their running backs led the NFL in 2.85 yards on average before encountering a defender. Yes, a lot of this is good vision by the backs and effective offensive line blocking. But the fact that there weren’t often too many defenders at the line of scrimmage was Kamara and Ingram’s secret weapon.On paper, Brees’s role in the offense seems more minimized than ever: 23 touchdown passes after nine straight years of 30 or more, just 536 pass attempts after averaging 656 the prior seven seasons, and a Saints career low of 4,334 yards. But this isn’t 2015 Peyton Manning clearly wheezing to the finish line and needing the team to dominate in other areas in order to win. Brees, 38, led the NFL this year in yards per pass attempt, and his 103.9 passer rating was his best since 2013.Look no further than the Saints’ opponent on Sunday for an example of a team that has to deal with stacked fronts because defenses don’t fear the passing game. Carolina running backs had to face at least eight defenders in the box on 42 percent of the rushing plays in our sample, the second-highest rate in the league. And why not? Cam Newton ranks 21st in passing yards per attempt and 24th in passer rating, and he’s more a threat when he’s running himself.But even Ben Roethlisberger’s Steelers (37.2 percent) and Tom Brady’s Patriots (27.7 percent) were forced to send running backs into defenses with extra run-stoppers at the line of scrimmage far more often than the Saints. Maybe defenses have been slow to adjust to the Saints’ new offensive model, but Brees’s presence helping the running game find room is no recent phenomenon. Since 2010, the Saints’ average of 4.5 yards per rush by their running backs is the third-best rate in football.The even worse news for Carolina on Sunday is that perhaps no team has been more flustered by the multidimensional Saints than these Panthers. In their two prior meetings, both Saints wins, Carolina allowed 149 and 148 rushing yards. Those are the two worst performances by the Panthers’ run defense all year. And it’s not like they’re stopping Brees either: The future Hall of Famer posted a 117.8 passer rating with four TD passes in those two contests. The Panthers seem to have been caught in between the new Saints and the old-model Saints — and able to stop neither.Check out our latest NFL predictions. read more

Ohio State womens track dashes to 2nd consecutive Big Ten championship

The Ohio State women’s track and field team won their conference championship for the second year in a row on Sunday, successfully defending their title at the 2012 Big Ten Outdoor Championships. The championships were held in Madison, Wis., on Friday, Saturday and Sunday. OSU was victorious on the women’s side, scoring 117 points. On the men’s side, the Wisconsin Badgers were winners on their home track, with OSU finishing 35 points back in fourth place. The OSU women stood in sixth place following two days of competition, but they made a Sunday surge to come back to win the meet with a seven-point advantage. Nebraska and Illinois tied for second place with 110 points each. Coach Karen Dennis told The Lantern the slow start in scoring points did not concern her because of how many OSU women qualified for the finals in their events on Saturday. “We’ve been there before,” Dennis said. “We qualified 14 people, and that’s what made the difference.” Dennis said she felt the experienced team members led the way with their performances. “The keys were the seniors,” Dennis said. “They brought us here, they stepped up and deserved to take the trophy home.” OSU’s contingent of 100-meter dash runners played a major role in the victory. The Buckeyes took four of the top five places in that event, with senior Christina Manning winning in 11.49 seconds. Senior Madison McNary finished second (11.71), junior Christienne Linton (11.72) was third and sophomore Chesna Sykes came in fifth (11.80). Manning, McNary, Linton and Sykes also teamed up to win the 4×100-meter relay, setting a school and meet record with a time of 43.70. Manning also won the 100-meter hurdles (12.71) and finished second in the 200-meter dash (23.30 seconds). Junior Alexis Thomas was also an individual winner in the hammer throw. She set Big Ten meet and OSU school records in the event with a winning throw of 64.62 meters. Thomas told The Lantern she felt fortunate that her performance helped lead her team to a championship. “It’s amazing (to win the Big Ten championship),” Thomas said. “It’s a great feeling.” OSU men’s track and field was unable to match the success of its female counterparts. They finished the meet with 86 points. Wisconsin led the way with 121 points, while Nebraska (115.5 points) edged Indiana (115) for second place. Men’s interim coach Ed Beathea did not respond to The Lantern’s request for comment. The Buckeye men only had one individual event winner. That was senior Michael Hartfield, who won the individual Big Ten title in the long jump for the second consecutive year with a jump of 7.96 meters. Hartfield said in a press release that winning his event was “a blessing”. “It feels good especially after getting your behind kicked all year,” Hartfield said. “To come back at Big Tens and really make a statement, you know it feels good.” Redshirt junior distance runner Cory Leslie was a double runner-up. He finished second in the 3,000-meter steeplechase; he surpassed the previous meet record with a time of 8:32.48 but finished second to Michigan’s Craig Forys. He also finished second in the 1,500-meter run with a time of 3:42.03. The OSU track and field teams will compete next at the NCAA East Prelims, which will be held in Jacksonville, Fla., on May 24-26. read more

Confident Pellegrini hoping to turn things around

first_imgWest Ham manager Manuel Pellegrini believes that his managerial experience has equipped him for adversity as he prepares to face Everton after a four-game losing streak.West Ham sit bottom of the Premier League table after losing all their four matches this season, but Pellegrini insists that he’s no stranger to difficult spells and wants to use that experience to steer West Ham out of danger this season.“Of course I have been in this position before,” Pellegrini told journalists at his press conference ahead of Sunday’s trip to Everton.“I started with Villarreal and we had three points from the first 15 and we finished third in the table.Report: Rice is committed to West Ham not a United moveReport: Rice is committed to West Ham not a United move George Patchias – September 4, 2019 Declan Rice is committed to his West Ham contract and not a move to Manchester United.In an interview reported by football.london, Rice opens up…“After that with Malaga when I arrived in the first season, the team was in the relegation zone. We lost five or six games in a row but we continued in the same way. We were improving every day a little bit more until the results arrived.“We recovered by believing more than ever in what we were doing. We kept talking in the same way with the players. We followed the way we believed was correct and we had no doubt in the bad moments.“I am more confident than ever. In the five years, I was at Villarreal, every time I had the same problem. We finished second, we finished third, we finished fifth and reached the semi-finals of the Champions League. At every club, you have a bad moment in the season.”last_img read more

STATE REP RACE Prinzivalli Pledges To Opt Out Of Pension System

first_imgTEWKSBURY, MA — Below is a press release from the campaign of 19th Middlesex State Representative candidate Pina Prinzivalli (R-Tewksbury):On Monday, Pina Prinzivalli, the Republican nominee for State Representative in the 19th Middlesex District, announced that she will be opting out of the state pension system when elected, calling it the “Give Back Pledge.”“I’m not running to enrich myself with taxpayer dollars,” said Prinzivalli, a 34 year old career professional who has worked in the private sector since she was a teenager. “I hear a lot of candidates, including my opponent Mr. Robertson, say that they’re running because they want to give back. I can’t think of a better way to give back than by opting out of the pension system. As someone who is getting married at the end of next year and has dreams of becoming a mom, I want to make the district the best place to live, work and raise a family. That’s my priority and commitment to you.”In January, Prinzivalli pledged to never vote herself a pay raise and if there is ever an increase in base salary, Prinzivalli will donate the amount to charity.“It’s the right thing to do and standing up for what is right is what my campaign is all about,” said Prinzivalli. “Whether it’s standing up against the boycott of Dandi-Lyons or committing to voting ‘NO’ on becoming a Sanctuary State, I will be a bold voice for the district on Beacon Hill.”Prinzivalli points to the January, 2017 pay raise vote as the reason why she wanted to run for State Rep. Dave Robertson (D-Tewksbury) was chief of staff for the office that voted for the pay raises.“At the debate, my opponent made it perfectly clear that this is a career for him when he announced that he was against term limits,” said Prinzivalli. “It’s time we send someone from the working class, and not the political class to the State House. I want to be your family’s voice on Beacon Hill and that’s why I’m asking for your vote.”Early voting is underway through November 2. The general election is November 6th.Pina Prinzivalli and The Giving Back” Pledge(NOTE: The above press release is from State Rep. Pina Prinzivalli’s campaign.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedSTATE REP RACE: Voting Records Show Prinzivalli Voted Only Once Before Launching Candidacy; Campaign DisputesIn “Government”STATE REP RACE: Prinzivalli Campaign Declares Debate Victory; Knocks Robertson On Dandi-Lyons & Sanctuary StateIn “Government”STATE REP RACE: Pina Prinzivalli Speaks At Large GOP Rally, Shares Message On TaxesIn “Government”last_img read more

Gold up on US rate hike delay speculation

first_imgGold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as traders were beginning to price in a potential delay in the US central bank’s rate hike.The most active gold contract for December delivery added $8.6, or 0.74 percent, to settle at $1,164.50 per ounce, Xinhua reported.The precious metal rose on Monday as traders reacted to an increasing belief that the US Federal Reserve will not raise interest rates this year.The CME Group Fedwatch tool shows an implied probability of a very small 8 percent increase in the US Federal Reserve’s interest rate during its meeting scheduled for October 28.The tool also shows an implied probability of a 37 percent rate hike for the meeting scheduled for December 16, while there is a much higher chance of a rate hike during the January 27, 2016 meeting, at 47 percent. According to the tool, there is a 39 percent chance of a 0.50 rate, and a 6.8 percent chance of a 0.75 rate.An increase in the Fed’s interest rate drives investors away from gold and towards assets with a return, as the precious metal bears no interest. There has not been an increase in the Fed’s interest rate since June 2006, before the beginning of the American financial crisis.The US Dollar Index, a measure of the dollar against a basket of major currencies, fell by 0.06 percent to 94.80 as of 1815 GMT.Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall as gold, measured by the dollar, becomes more expensive for investors.Silver for September delivery rose 4.6 cents, or 0.29 percent, to close at $15.864 per ounce, while platinum for October delivery added $14.5, or 1.48 percent, to close at $995.90 per ounce.last_img read more