Copper rises on improving demand prospects

Copper rises on improving demand prospects

Copper prices climbed to three-month highs overnight as stronger manufacturing data from top consumer China and the loosening of lockdowns imposed to contain the coronavirus stoked expectations of healthier demand. Benchmark copper on the London Metal Exchange (LME)...
Copper rises on improving demand prospects

Gold firms on China standoff, US protests

Gold prices rose overnight supported by increasing friction between Washington and Beijing and protests in the United States over racism. Spot gold rose 0.6 per cent to $US1,736.40 per ounce by 1744 GMT. Prices earlier rose 1 per cent to hit an over one-week high of...
Copper rises on improving demand prospects

Oil steady; possible output cuts support

Oil futures steadied overnight as rising US-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a deal extending output cuts. Brent futures rose 48 US cents, or 1.3 per cent, to settle at $US38.32 a barrel. US...
Copper rises on improving demand prospects

ASX to open directionless as dollar surges

Australia’s sharemarket is poised for a flat start to trade, although investors may be encouraged by their US counterparts’ belief in economic recovery, and downplaying the race riots. The SPI 200 futures contract was higher by 9 points, or 0.15 per cent,...
Copper rises on improving demand prospects

Wall St flat amid recovery hopes, tensions

US stocks have struggled for direction as investors weighed prospects of a post-pandemic economic recovery against protests across the country over race and an ongoing stand-off between officials in Washington DC and Beijing. US manufacturing activity eased off an...