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Copper leaps on China output, US reopening

Copper leaps on China output, US reopening

Copper rose to a one-month high on Friday on plans for the US economy to reopen and signs of recovery in China’s industrial output, even as growth in the top metals contracted in the first quarter. Benchmark copper on the London Metal Exchange (LME) was up 1.4...
Copper leaps on China output, US reopening

Gold slides 2% on US restart bid

Gold dropped about 2.0 per cent on Friday after President Donald Trump’s new guidelines to reopen the US economy and encouraging early data related to a potential COVID-19 treatment drove investors towards riskier assets. Spot gold was down 1.9 per cent at...
Copper leaps on China output, US reopening

Oil mixed amid weak data, supply build

Oil prices were mixed on Friday, with weak Chinese economic figures and rapidly filling US crude storage offsetting bullishness built on US President Donald Trump’s outlines for the US economy to emerge from the coronavirus shutdown. US crude futures hit a more...
Copper leaps on China output, US reopening

Wall Street gains as Boeing shares surge

US stocks have closed higher boosted by a surge in Boeing shares, President Donald Trump’s plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19. The Nasdaq added 6.1 per cent for the week and registered its...