Gold price dips along with equities

Gold price dips along with equities

Gold prices have fallen, a day after scaling over seven-year highs, as the dollar firmed and investors booked profits, although concerns of a global recession put a floor under prices. Spot gold fell 0.6 per cent to $US1,716.79 per ounce. On Tuesday, prices had jumped...
Gold price dips along with equities

Copper dips as recession fear hits markets

Copper has fallen as moves by China’s central bank to bolster the economy were overshadowed by predictions of a deep global recession, which drove down stock markets and oil prices. Copper, used in power and construction, has tumbled from above $US6,300 a tonne...
Gold price dips along with equities

Oil sinks after record US crude build

US crude prices fell to an 18-year low and Brent lost more than 6.0 per cent after the United States reported its biggest weekly inventory build on record, while global demand is expected to fall to quarter-century lows due to the coronavirus pandemic. The grim...
Gold price dips along with equities

Wall St falls on dour US economic data

US stocks have fallen as dismal economic and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak. Shares of Bank of America and Citigroup Inc dropped as they joined JPMorgan Chase & Co and Wells Fargo & Co...
Gold price dips along with equities

G20 to freeze debt of poorest countries

Finance officials from the Group of 20 major economies have agreed to suspend debt service payments for the world’s poorest countries through the end of the year, a move quickly matched by a group of hundreds of private creditors. The actions to freeze both...