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Hamas appears to clear way for possible cease-fire deal with Israel after reportedly dropping key demand

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There is new hope for a cease-fire deal in the Middle East after Hamas responded to a U.S.-backed proposal for a phased deal in Gaza.

The militant group – which controlled Gaza before triggering the war with an Oct. 7 attack on Israel – has reportedly given initial approval of the cease-fire deal after dropping a key demand that Israel give an up-front commitment for a complete end to the war, a Hamas and an Egyptian official told the Associated Press on Saturday.

A senior U.S. official says that Hamas’ response to the proposal “may provide the basis for closing the deal.”

The apparent compromise could deliver the first pause in fighting since November and set the stage for further talks on ending the devastating nine months of fighting. But all sides cautioned that a deal is still not guaranteed.

The two officials, who spoke on condition of anonymity to discuss ongoing negotiations, told the Associated Press that Washington’s phased deal would first include a “full and complete” six-week cease-fire that would see the release of a number of hostages, including women, older people and the wounded, in exchange for the release of hundreds of Palestinian prisoners. During the 42 days, Israeli forces would withdraw from densely populated areas of Gaza and allow the return of displaced people to their homes in northern Gaza, the officials said.

Over that period, Hamas, Israel and mediators would negotiate the terms of the second phase that could see the release of the remaining male hostages, both civilians and soldiers, the officials said. In return, Israel would free additional Palestinian prisoners and detainees. The third phase would see the return of any remaining hostages, including bodies of dead captives, and the start of a years-long reconstruction project.

South Korea Israel Palestinians
Demonstrators supporting Palestinians march during a rally calling to stop genocide in Gaza, in Seoul, South Korea, Saturday, July 6, 2024.

Ahn Young-joon / AP


Hamas still wants “written guarantees” from mediators that Israel will continue to negotiate a permanent cease-fire deal once the first phase goes into effect, the officials said.

The Hamas representative told The Associated Press the group’s approval came after it received “verbal commitments and guarantees” from the mediators that the war won’t be resumed and that negotiations will continue until a permanent cease-fire is reached.

“Now we want these guarantees on paper,” he said.

In line with previous proposals, the deal would see around 600 trucks of humanitarian aid entering Gaza daily — including 50 fuel trucks — with half of them bound for the hard-hit northern of the enclave, the two officials said. Following Israel’s assault on the southernmost city of Rafah, aid supplies entering Gaza have been reduced to a trickle.

Israel launched the war in Gaza after Hamas’ October attack in which militants stormed into southern Israel, killed some 1,200 people — mostly civilians — and abducted about 250. Israel says Hamas is still holding about 120 hostages — about a third of them now thought to be dead.

Since then, the Israeli air and ground offensive has killed more than 38,000 people in Gaza, according to the Hamas-run Health Ministry, which does not distinguish between combatants and civilians in its count. The offensive has caused widespread devastation and a humanitarian crisis that has left hundreds of thousands of people on the brink of famine, according to international officials.

Months of on-again off-again cease-fire talks have stumbled over Hamas’ demand that any deal include a complete end to the war. Prime Minister Benjamin Netanyahu has offered to pause the fighting but not end it until Israel reaches its goals of destroying Hamas’ military and governing capabilities and returning all hostages held by the militant group.

Netanyahu’s office did not respond to requests for comment, and there was no immediate comment from Washington.


Israel says it’s restarting stalled negotiations for a cease-fire deal in Gaza

01:22

CBS News previously reported that an Israel delegation headed by Mossad Director David Barnea was traveling to Qatar for talks. Sources told CBS News that Barnea was set to meet with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani for discussions.

On Friday, the Israeli prime minister confirmed that the spy agency’s chief had paid a lightning visit to Qatar, a key mediator. But his office said “gaps between the parties” remained.

President Biden held a 30-minute call with Netanyahu on Thursday, a senior Biden administration official told reporters, during which the two leaders walked through the latest draft of the proposal.

U.S. officials have said the latest proposal has new language that was proposed to Egypt and Qatar on Saturday and addresses indirect negotiations that are set to commence during the first phase of the three-phase deal that Mr. Biden laid out in a May 31 speech.

Hamas has expressed concern Israel will restart the war after the hostages are released. Israeli officials have said they are worried Hamas will draw out the talks and the initial cease-fire indefinitely, without releasing all the hostages.

Netanyahu is under pressure from Israel’s closest ally – the United States – to negotiate a ceasefire, but at home, two far-right wing members of his cabinet have threatened to bring down the governing coalition if he agrees to a truce.

Israel bombardment continues

The Hamas-run Interior Ministry said four police officers were killed in an Israeli airstrike Saturday in Rafah, the AP reported. The ministry, which oversees civilian police, said the officers were killed during foot patrol securing properties. It said eight other police officers were wounded. Israel’s military did not immediately respond to questions.

In Deir al-Balah, prayers were held for 12 Palestinians, including five children and two women, killed in three separate strikes in central Gaza on Friday and Saturday, according to hospital officials. The bodies were taken to al-Aqsa Martyrs Hospital, where AP journalists counted them.

Two of those killed in a strike that hit the Mughazi refugee camp Friday were employees with the United Nations agency for Palestinian refugees, the organization’s director of communications told the AP. Juliette Touma said a total of 194 workers with the agency have been killed since October.

Israel Palestinians
Palestinians displaced by the Israeli air and ground offensive on the Gaza Strip walk next to sewage flowing into the streets of the southern town of Khan Younis, Gaza Strip, July 4, 2024.

Jehad Alshrafi / AP


Earlier this week, an Israeli evacuation order in the southern city of Khan Younis and the surrounding areas affected about 250,000 Palestinians. Many headed to an Israeli-declared “safe zone” centered on the Muwasi coastal area or Deir al-Balah.

Ground fighting has raged in Gaza City’s Shijaiyah neighborhood for the past two weeks, forcing tens of thousands of people to flee their homes. Many have sheltered in the Yarmouk Sports Stadium, one of the strip’s largest soccer arenas.



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Benjamin Netanyahu fires Israel’s defense minister Yoav Gallant

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Benjamin Netanyahu fires Israel’s defense minister Yoav Gallant – CBS News


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Israeli Prime Minister Benjamin Netanyahu fired his defense minister, Yoav Gallant, as Israel’s conflicts in the Middle East grow. Netanyahu said there was a “crisis of trust” between him and Gallant. CBS News’ Holly Williams has the latest.

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3 smart gold investing moves to make right now

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3D Rendering concept of saving golden piggy banks lining from small to big but turn in different direction on golden background for commercial design. 3D Render.
Making the right gold investing moves now could lead to bigger payoffs in the future.

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Gold has proven itself as one of the most resilient assets of the year, displaying remarkable growth so far in 2024. Starting the year at $2,063 per ounce, the price of gold is now sitting over $2,748 per ounce, slightly below its recent record high. As a result, investors who bought gold earlier this year — or even just a few months ago — have already reaped notable returns, a big benefit of this exceptional price trajectory. 

Historically, though, gold’s value tends to increase more gradually, offering stability rather than swift gains. Still, most analysts believe the current upward trend could hold, driven by factors such as economic uncertainty, central bank policies and geopolitical tensions. So while gold’s current upward trajectory might be uncommon, it could persist for the near future, making the precious metal an attractive choice for both new and seasoned investors.

But if you’re considering entering the gold market or adjusting your existing precious metals holdings, there are a few strategic moves you can make to help maximize the potential benefits of gold investing in the current environment.

Diversify your portfolio by investing in gold today.

3 smart gold investing moves to make right now

If you’re planning to invest in gold in today’s market, consider making these moves:

Add physical gold to your portfolio

During periods of rising gold prices, acquiring physical gold can be particularly advantageous, despite having a higher entry point than other gold options. That’s because physical gold offers several distinct benefits that become especially valuable in a bullish market. For starters, when you own physical gold, whether in the form of gold bars or coins, you have direct ownership of a tangible asset that isn’t subject to counterparty risk or financial system vulnerabilities.

Physical gold that is purchased during price uptrends also typically benefits from momentum in the market. While past performance doesn’t guarantee future results, strong upward price movement typically attracts more investors, potentially creating additional demand that could further support prices. The tangible nature of physical gold also provides a psychological benefit, as having direct possession of your investment can offer peace of mind during periods of market volatility.

Find out what your gold investing options are here.

Consider your digital gold options

While physical gold has its merits, digital gold investments, particularly gold stocks, often provide amplified returns during gold bull markets. That’s because mining companies typically see their profits increase at a faster rate than the price of gold itself due to their operational leverage. For example, if a mining company’s cost to produce an ounce of gold remains relatively stable while the selling price increases substantially, the company’s profit margins expand significantly.

As a result, gold mining stocks, especially those of well-established companies with strong production profiles and healthy balance sheets, can offer exposure to gold’s price movements while also providing additional benefits like dividend payments. And gold exchange-traded funds (ETFs) that track either the price of gold or baskets of gold mining stocks offer another convenient way to gain exposure to the sector, often with lower transaction costs and greater liquidity than physical gold.

Make sure you’re investing the right amount

Perhaps the most crucial decision in gold investing isn’t just whether to buy, but how much to allocate to this precious metal. Financial advisors typically recommend limiting gold exposure to a maximum of 10% of your overall investment portfolio. This measured approach serves multiple purposes in your investment strategy.

The 10% ceiling allows you to benefit from gold’s potential upside while maintaining sufficient diversification across other asset classes. This balance is essential because, while gold can provide valuable portfolio protection during certain market conditions, it’s important to remember that other assets — like stocks, bonds and alternative investments — typically provide different types of returns and benefits, including regular income through dividends or interest payments.

Maintaining this disciplined allocation helps ensure that your portfolio remains well-balanced and aligned with your long-term financial goals. Even during periods of strong gold performance, resisting the temptation to overweight your portfolio toward gold helps manage risk effectively. Remember, the primary role of gold in most portfolios is to serve as a hedge against uncertainty and inflation, not necessarily as the main driver of returns. That’s just an added bonus.

The bottom line

While gold’s recent price performance has caught many investors’ attention, success in gold investing still requires a thoughtful, measured approach. By considering physical gold ownership, exploring your digital gold options and maintaining appropriate allocation levels, you can potentially benefit from gold’s current strength while managing your overall portfolio risk effectively.



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Israeli Prime Minister Benjamin Netanyahu fires his defense minister, Yoav Gallant

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Israeli Prime Minister Benjamin Netanyahu on Tuesday dismissed his popular defense minister, Yoav Gallant, in a surprise announcement that came as the country is embroiled in wars on multiple fronts across the region.

Netanyahu and Gallant have repeatedly been at odds over the war in Gaza. But Netanyahu had avoided firing his rival. Netanyahu cited “significant gaps” and a “crisis of trust” between the men in his Tuesday evening announcement.

“In the midst of a war, more than ever, full trust is required between the prime minister and defense minister,” Netanyahu said. “Unfortunately, although in the first months of the campaign there was such trust and there was very fruitful work, during the last months this trust cracked between me and the defense minister.”

In the early days of the war, Israel’s leadership presented a unified front as it responded to Hamas’ Oct. 7, 2023, attack. But as the war dragged on and spread to Lebanon, key policy differences have emerged. While Netanyahu has called for continued military pressure on Hamas, Gallant had taken a more pragmatic approach, saying that military force has created the necessary conditions for a diplomatic deal that could bring home hostages held by the militant group.

TOPSHOT-ISRAEL-PALESTINIAN-CONFLICT
Israeli Prime Minister Benjamin Netanyahu (L) and Defense Minister Yoav Gallant attend a press conference in the Kirya military base in Tel Aviv on October 28, 2023 amid ongoing battles between Israel and the Palestinian group Hamas.

ABIR SULTAN/POOL/AFP via Getty Images


Gallant, a former general who has gained public respect with a gruff, no-nonsense personality, said in a statement: “The security of the state of Israel always was, and will always remain, my life’s mission.”

Gallant has worn a simple, black buttoned shirt throughout the war in a sign of sorrow over the Oct. 7 attack and developed a strong relationship with his U.S. counterpart, Defense Secretary Lloyd Austin.

A previous attempt by Netanyahu to fire Gallant in March 2023 sparked widespread street protests against Netanyahu. He also flirted with the idea of dismissing Gallant over the summer but held off until Tuesday’s announcement.

Gallant will be replaced by Foreign Minister Israel Katz, a Netanyahu loyalist and veteran Cabinet minister who was a junior officer in the military. Gideon Saar, a former Netanyahu rival who recently rejoined the government, will take the foreign affairs post.

Netanyahu has a long history of neutralizing his rivals. In his statement, he claimed he had made “many attempts” to bridge the gaps with Gallant.

“But they kept getting wider. They also came to the knowledge of the public in an unacceptable way, and worse than that, they came to the knowledge of the enemy – our enemies enjoyed it and derived a lot of benefit from it,” he said



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