Copper slides as virus worries resurface

Copper slides as virus worries resurface

Copper prices slid overnight, with sentiment hit by concern about a second wave of the coronavirus and uncertainty whether demand would recover swiftly or stay subdued for longer. Benchmark copper on the London Metal Exchange was down 1.3 per cent at $US5,709 a tonne...
Copper slides as virus worries resurface

Gold falls by 1% on stronger US dollar

Gold fell more than 1 per cent overnight as the dollar hovered near a more than one-week high, but the metal held above $US1,700 an ounce, buoyed by fears of a second wave of coronavirus infections. Spot gold fell 0.2 per cent to $US1,726.61 per ounce by 1804 GMT. US...
Copper slides as virus worries resurface

Oil prices rise 2% on OPEC+ output pact

Oil prices rose more than 2 per cent overnight as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed fears that new coronavirus infections could further slow the global economy. US West Texas Intermediate...
Copper slides as virus worries resurface

Great gains likely for share market early

Great gains are projected for the ASX early after US investors turned positive when the Federal Reserve revealed it will buy individual corporate bonds to help prop up the economy. The local SPI 200 futures contract was higher by 141 points, or 2.46 per cent, to...
Copper slides as virus worries resurface

Fears of fresh virus wave hit Wall Street

Wall Street’s main indexes have slumped, with the S&P 500 falling below 3000 points after a spike in new coronavirus cases in China and parts of the US dampened hopes of a swift economic recovery. Battered shares of US airlines, casino operators and cruise...