Copper reaches highest tip since January

Copper reaches highest tip since January

Copper prices rose for a fifth straight session overnight to their highest since January, supported by firm demand and an improved technical picture. Benchmark copper on the London Metal Exchange (LME) was up 2.1 per cent to $US5,893 per tonne by 1600 GMT, after...
Copper reaches highest tip since January

Gold extends gains on dovish Fed statement

Gold rose nearly 1 per cent to a one-week high overnight after the US Federal Reserve held onto its pledge to ease the economic pain from the coronavirus pandemic, boosting bullion’s safe-haven appeal. Spot gold rose 0.8 per cent to $US1,728.76 per ounce by 1907...
Copper reaches highest tip since January

Oil higher, even as US inventories rise

Oil rebounded from earlier losses overnight, even as US data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand. Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to...
Copper reaches highest tip since January

ASX to slip early after Fed’s forecast

Shares are tipped to slip early on the Australian stock market after the US Federal Reserve projected a more sluggish recovery than investors expected. The local SPI 200 futures contract was down by 63 points, or 1.03 per cent, to 6,066.0 at 0700 AEST on Thursday,...
Copper reaches highest tip since January

US Fed holds rates, eyes long recovery

The US Federal Reserve says it will leave near-zero interest rates unchanged and projected no rate increases until the end of 2022 as the chairman sees an “extraordinarily uncertain” pace of economic recovery. “The extent of the downturn and the pace...