Copper prices reach 10-week high

Copper prices reach 10-week high

Copper prices have hit 10-week highs overnight as easing COVID-19 lockdowns around the world raised expectations of stronger demand and economic activity. Benchmark copper on the London Metal Exchange rose to $US5,464 a tonne, the highest since March 13, before...
Copper prices reach 10-week high

Brent at highest price since March

Global benchmark Brent rose more than 1 per cent overnight to its highest price since March, supported by lower US crude inventories, OPEC-led supply cuts and recovering demand as governments ease coronavirus restrictions on people’s movements. Oil has slumped...
Copper prices reach 10-week high

Gold falls as investors bank on cash

Gold fell more than 1 per cent overnight as investors booked profits from recent rallies and some switched to the safety of cash driven by growing US-China trade tensions and doubts about an economic recovery. Spot gold was down 1.5 per cent to $US1,722.78 per ounce...
Copper prices reach 10-week high

ASX set for flat start on US-China tension

A flat start is likely for the Australian share market after Wall Street closed slightly lower due to tensions between the US and China. The SPI 200 futures contract was lower by 7 points, or 0.13 per cent, to 5,537.0 at 0700 AEST on Friday, indicating little...
Copper prices reach 10-week high

US shares open flat amid trade tensions

The S&P 500 index has opened largely unchanged as growing US-China trade tensions and concerns about a rebound from a coronavirus-led economic slump were offset by an upbeat outlook from retailer TJX. The discount chain’s shares jumped 7.6 per cent to a more...