Copper up on China demand, low inventory

Copper up on China demand, low inventory

Copper prices climbed overnight, reinforced by lower inventories and robust consumption in top consumer China, though any further rally is likely to require signs of demand recovery in the rest of the world, analysts said. Benchmark copper on the London Metal Exchange...
Copper up on China demand, low inventory

Gold hits high of more than a month

Gold prices climbed 1 per cent overnight to hit the highest level in more than a month, as investors took refuge in the safe-haven metal after an uptick in coronavirus cases dampened hopes for a quick economic recovery. Spot gold was up 0.7 per cent to $US1,755.58 per...
Copper up on China demand, low inventory

Oil up above 2% on tighter supplies

Oil was up 2 per cent overnight on tighter crude supplies from major producers and as coronavirus lockdowns kept easing despite a record rise in cases globally. Brent crude settled at $US43.08 a barrel, up 89 US cents, or 2.1 per cent. The West Texas Intermediate...
Copper up on China demand, low inventory

ASX set for early rise on US stimulus hope

Shares are set to gain in value at the opening of trade on the Australian market, after US investors focused on economic optimism rather than increasing coronavirus infections. The Australian SPI 200 futures contract was higher by 34.0 points, or 0.58 per cent, to...
Copper up on China demand, low inventory

Wall St treads water as virus cases rise

The S&P 500 and Dow Jones indexes are largely unchanged as investors assess stimulus-fuelled recovery hopes against an increase in coronavirus infections that could derail a rebound in business activity. Demand for perceived safe havens, including gold and US...