Gold up as virus fears boost safety buying

Gold up as virus fears boost safety buying

Gold prices firmed as investors sought safe-haven assets after sombre US economic data exacerbated fears of a economic downturn amid increasing lockdowns and other restrictions globally to combat the coronavirus pandemic. Spot gold was up 0.6 per cent at $1,580.29 an...
Gold up as virus fears boost safety buying

Oil ends lower after US stockpiles jump

Oil prices have fallen after US crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic. Crude inventories rose by 13.8 million barrels last week, the US Energy Information...
Gold up as virus fears boost safety buying

Aluminium prices hit four-year low

Industrial metals prices fell sharply on Wednesday after data showed global factory output shrinking fast, with expectations of a vast supply surplus pushing aluminium below $1,500 a tonne for the first time since 2016. Benchmark aluminium on the London Metal Exchange...
Gold up as virus fears boost safety buying

Wall Street sinks as virus anxiety grows

The Dow Jones has tumbled more than 700 points as investors fled to safe-haven assets after new orders for US-made goods plunged to an 11-year low and private payrolls fell for the first time since 2017. The blue-chip Dow and the S&P 500 had ended their previous...