Copper prices hit three-month peak

Copper prices hit three-month peak

Copper prices climbed to three-month highs overnight as economic stimulus from central banks, expected stronger demand in top consumer China and falling inventories in Shanghai triggered fresh buying. Benchmark copper on the London Metal Exchange (LME) was up 0.2 per...
Copper prices hit three-month peak

Gold up as investors bet on dovish Fed

Gold rose overnight after the previous session’s steep fall, boosted by hopes of dovish monetary policy from the US Federal Reserve. Spot gold rose 0.7 per cent to $US1,696.79 per ounce by 1753 GMT. US gold futures settled up 1.3 per cent at $US1,705.1....
Copper prices hit three-month peak

Oil falls 3% as Gulf ends voluntary curbs

Oil fell more than 3 per cent overnight after OPEC+ nations agreed to extend output cuts, but Saudi Arabia and two other Gulf producers said they would not maintain supplemental reductions that amount to more than a million barrels of daily supply. Brent crude fell,...
Copper prices hit three-month peak

S&P, Dow extend rally on rebound hopes

Wall Street’s major indexes have risen, building on last week’s sharp gains after a surprisingly upbeat jobs report raised bets of a swift recovery from a coronavirus-driven downturn. Among the leading gainers on the S&P 500 were shares of cruise line...
Copper prices hit three-month peak

Global stocks pause after recent run

World shares have paused as investors turned cautious after a 42 per cent surge since March as economies continued to struggle with the effects of the coronavirus pandemic. Europe’s blue-chip stock index opened 0.5 per cent lower on Monday after its best weekly...