Copper climbs as stimulus prompts buying

Copper climbs as stimulus prompts buying

Copper prices climbed overnight as the Federal Reserve’s latest move to provide further support for the US economy helped to boost sentiment, but gains were capped by worries about prospects for demand in top consumer China. Benchmark copper on the London Metal...
Copper climbs as stimulus prompts buying

Gold gains on fresh China virus fears

Gold edged up overnight as concerns over a fresh coronavirus outbreak in China countered a surge on Wall Street driven by a record rise in US retail sales and optimism over a COVID-19 drug. Spot gold rose 0.09 per cent to $US1,726.17 per ounce by 1852 GMT. US gold...
Copper climbs as stimulus prompts buying

Oil prices rise 3% on signs of US recovery

Oil prices rose 3 per cent in volatile trade overnight as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases. Brent crude futures ended the...
Copper climbs as stimulus prompts buying

Wall St surges on record retail sales rise

US stocks have jumped after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates in a trial of a generic steroid drug. A Commerce Department report showed...