Copper’s fifth weekly gain on recovery bid

Copper’s fifth weekly gain on recovery bid

Copper prices were heading for a fifth consecutive weekly gain on Friday as inventories declined and stock markets rose while demand improved in top consumer China. Investors are increasingly optimistic about an economic rebound, with the mood bolstered after China...
Copper’s fifth weekly gain on recovery bid

Gold rises as virus spurs lockdown fears

Gold gained on Friday as a rise in coronavirus cases raised concerns of a second wave of the pandemic that could compel governments to implement new lockdowns. Spot gold was up 1.1 per cent to $US1,740.79 per ounce by 1803 GMT, while US gold futures settled 1.3 per...
Copper’s fifth weekly gain on recovery bid

Oil boosted by OPEC+ cuts despite virus

Oil prices finished last week higher but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States’ economic rebound. Crude benchmarks followed other assets lower, pulling back from session...
Copper’s fifth weekly gain on recovery bid

US stocks dip amid virus resurgence fears

The S&P 500 has ended lower after an up-and-down session as investors weighed spiking cases of COVID-19 and Apple’s announcement of fresh store closures against anticipated stimulus and continued economic recovery. The S&P 500 ultimately settled in the...
Copper’s fifth weekly gain on recovery bid

ASX set for sluggish Monday start

Australia’s share market is likely to be subdued when it opens on Monday following a spike in coronavirus cases in the US and concerns of a second wave in Victoria, a leading economist warns. The US market was “volatile’ on Friday with the Dow Jones...