Copper hits 5-month high on Chile fears

Copper hits 5-month high on Chile fears

Copper prices touched a five-month peak on Friday on growing fears that output will be disrupted in top producer Chile by worsening COVID-19 infections at mines. Chile’s Codelco, the world’s biggest copper miner, suspended refinery and foundry operations...
Copper hits 5-month high on Chile fears

Gold rebounds as virus rates knock stocks

Gold erased earlier losses on Friday as the coronavirus spread globally with a record jump in COVID-19 infections in the United States marring risk appetite and setting the metal on track for its third straight weekly rise. Spot gold rose 0.3 per cent to $US1,767.28...
Copper hits 5-month high on Chile fears

Oil lower on rise in US virus cases

Oil prices settled lower on Friday as new coronavirus cases spiked in the United States, and on growing concerns about rising US output ticking up while crude stockpiles sat at record highs. Brent crude futures settled down 3 US cents at $US40.91, falling 1 per cent...
Copper hits 5-month high on Chile fears

Aust shares to fall early

Shares are likely to fall at the opening of the trading week on the Australian market after American investors remained concerned that the coronavirus is out of control in the US. The Australian SPI 200 futures contract was lower by 91.0 points, or 1.56 per cent, to...
Copper hits 5-month high on Chile fears

Wall St slips amid new US virus surge

Wall Street’s major indexes have tumbled more than 2.0 per cent as several US states imposed business restrictions in response to a surge in coronavirus cases. Some US states that were spared the brunt of the initial coronavirus outbreak or moved early to lift...