Copper retreats as economic worry weighs

Copper retreats as economic worry weighs

Copper prices retreated from a two-month high overnight as worries about the economic damage from the COVID-19 pandemic offset optimism over a potential vaccine. Financial markets rallied on Monday after positive data in a preliminary safety trial of a new vaccine...
Copper retreats as economic worry weighs

Gold gains as recession looms

Gold rose overnight amid uncertainty over how economies would emerge from a deep slowdown, although optimism about a potential vaccine for the novel coronavirus capped bullion’s advance. Spot gold rose 0.7 per cent to $US1,743.25 per ounce by 1834 GMT. US gold...
Copper retreats as economic worry weighs

US crude gains as stimulus to continue

US crude ended slightly higher overnight, as US Treasury Secretary Steven Mnuchin said he supported extending certain measures intended to bolster the economy, while Brent ended lower on concerns that output cuts might not be sufficient. Oil has rallied for several...
Copper retreats as economic worry weighs

S&P 500, Dow dip on mixed retail data

The S&P 500 and Dow Jones indexes have eased, handing back some gains from a strong rally in the previous session, as investors digest a mixed set of quarterly results from retailers including Home Depot and Walmart. Home improvement chain Home Depot fell 1.9 per...