Copper choked by rising virus cases

Copper choked by rising virus cases

Copper eased overnight as new coronavirus cases raised fears over a global economic recovery, offsetting upbeat data and potential supply disruptions in Chile. Three-month copper on the London Metal Exchange (LME) was down 0.5 per cent at $US5,878 a tonne by 1620 GMT...
Copper choked by rising virus cases

Gold pulls back from record high

Gold weakened after hitting more than a seven and a half year high earlier overnight, with investors selling the precious metal along with other asset classes as a global rise in coronavirus cases led a flight to cash. Spot gold was little changed at $US1,766.21 per...
Copper choked by rising virus cases

Oil falls 5% as US crude stocks hit record

Oil prices tumbled over 5 per cent, or more than $US2 a barrel overnight, after US crude storage hit another record and coronavirus cases rebounded in countries like Germany and surged in heavily populated areas of the United States. The United States had its...
Copper choked by rising virus cases

ASX to fall early as US slides on virus

Losses are likely early on the Australian share market after rising coronavirus cases in the US caused many traders there to sell stock. The Australian SPI 200 futures contract was down by 92.0 points, or 1.55 per cent, to 5,837.0 at 0700 AEST on Thursday. In the US,...
Copper choked by rising virus cases

Philippines eyes Wirecard phantom billions

Wirecard’s missing $US2.1 billion ($A3.1 billion) is being investigated by the Philippines, which says that the German payments firm’s former chief operating officer Jan Marsalek may be in the country. Justice Secretary Menardo Guevarra said on Wednesday...