Copper up as supply fears trump outlook

Copper up as supply fears trump outlook

Copper prices pushed higher overnight, bucking the shift to safe-haven assets in other financial markets, as a surge in coronavirus cases fuelled worries about mine shutdowns and shortages. Unionised mine workers in Chile demanded an investigation into the death of a...
Copper up as supply fears trump outlook

Oil rises as US economic data lends help

Oil prices rose about 2 per cent in a volatile session overnight, buoyed by signs of a marginal improvement in the US economy and a tepid rise in fuel demand, but price gains were limited by rising cases of COVID-19 in some US states. Brent crude rose 74 US cents, or...
Copper up as supply fears trump outlook

Gold steadies as infections fuel worries

Gold prices drifted sideways overnight as a surge in coronavirus cases and mounting economic tolls kept investors on edge, though the metal stepped back from last session’s more than 7-1/2-year high. Spot gold was little changed at $US1,762.11 per ounce as of...
Copper up as supply fears trump outlook

Shares to rise early after US banks’ boost

Gains are likely to start the trading day on the share market after US regulators eased restrictions on banks’ complex trading and investment portfolios, helping investor enthusiasm. The Australian SPI 200 futures contract was up 70.0 points, or 1.21 per cent,...
Copper up as supply fears trump outlook

Wall St drops on sharp rise in virus cases

US stocks have slipped following Wall Street’s worst day in two weeks, as investors were unnerved by an alarming rise in new coronavirus cases and an elevated level of weekly jobless claims number. Data showed about 1.48 million people in the US signed up for...