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    Home » 22 killed, several missing in Nepal landslide
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    22 killed, several missing in Nepal landslide

    September 19, 2022
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    There were at least 22 deaths and several injuries in western Nepal as a result of a landslide triggered by heavy rains, officials said on Saturday. As rescue workers searched the disaster site to try to find another ten missing people, police spokesperson Dan Bahadur Karki told us that rescue workers had pulled the dead and injured from the silt-covered wreckage of five houses that were buried under mud in Achham district, about 450 km west of Kathmandu.

    22 killed, several missing in Nepal landslideDuring the annual monsoon rains between June and September, flash floods and landslides are frequent in the Himalayan nation’s mountainous terrain. Flash floods and landslides have killed at least 70 people and left 13 missing across the country this year, according to official data. Rescuers from the military, police, and volunteers were looking for people in Achham who had gone missing. In the adjacent Kailali district, authorities found the body of a fisherman swept away in the overflowing Geta river.

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    Commercial trading firms execute high volume order transactions across international exchanges. The price correction was largely attributed to recent macroeconomic data from the United States. Softer-than-anticipated consumer price index figures alleviated inflation worries, reversing the upward momentum that had pushed gold to multi-month highs earlier in the week. As lower inflation readings reduced expectations of aggressive interest rate hikes by the Federal Reserve, institutional traders booked profits, resulting in a decline in spot prices across global commodity markets. Experts in precious metals noted that, although the long-term demand for safe-haven assets remains stable, short-term trading was dominated by portfolio rebalancing. The quick shift from Thursday’s multi-month high to Friday’s lower trading range demonstrated increased volatility driven by changing interest rate outlooks. At Sucden Financial, analysts pointed out that despite the overall market trend being structurally supportive, gold is heading for a weekly loss as investors unwind inflation-driven rally positions in short-term futures contracts. Profit-Taking Sparks Broad Decline in Precious Metal Prices Alongside gold, industrial and related metals also experienced downward adjustments. Silver fell 0.4 percent during Asian and European trading to $64.17 per ounce, relinquishing earlier gains. Platinum declined 0.3 percent to $1,711.84 per ounce, while palladium remained relatively steady at $1,306.98. Both platinum and palladium reached their lowest levels since early August, contributing to consecutive weekly losses across the platinum group metals complex. The overall macroeconomic environment continues

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