Aluminium and zinc hit by inventory gains

Aluminium and zinc hit by inventory gains

Aluminium and zinc prices retreated overnight after inventories climbed, reminding investors that weak demand because of the coronavirus pandemic is likely to result in large surpluses. Some other industrial metals also slipped into the red along with oil and European...
Aluminium and zinc hit by inventory gains

Gold rises amid caution for Fed meeting

Gold jumped more than 1 per cent overnight as risk appetite took a back seat with cautious investors awaiting clarity on the state of the economy and further stimulus from the US Federal Reserve’s policy meeting. Spot gold gained 1.2 per cent to $US1,714.78 per...
Aluminium and zinc hit by inventory gains

Oil rises after OPEC+ production curbs

Oil prices rose overnight, as optimism about recent commitments from major oil producers to curb production offset concerns that a resurgence in coronavirus cases could hurt fuel demand. Brent crude rose 38 US cents, or 0.9 per cent, to settle at $US41.18 a barrel....
Aluminium and zinc hit by inventory gains

Shares tipped to fall after recent rallies

Investors appear set for early losses on the share market after their US counterparts became cautious ahead of a Federal Reserve meeting. The local SPI 200 futures contract was down by 86 points, or 1.39 per cent, to 6,098.0 at 0705 AEST on Tuesday, indicating losses...
Aluminium and zinc hit by inventory gains

Wall St retreats after rally as Fed meets

US stocks have fallen as investors pause ahead of a Federal Reserve meeting that could offer views on the recent signs of economic recovery that drove the tech-heavy Nasdaq to an all-time high in the previous session. The S&P 1500 airlines index declined 8.5 per...