Gold jumps on COVID-19 stimulus measures

Gold jumps on COVID-19 stimulus measures

Gold prices surged over 2.0 per cent to a more than three-week high on Monday on expectations of global stimulus measures to counter the economic damage caused by the outbreak of the novel coronavirus. Spot gold was up 2.3 per cent at $US1,653.35 per ounce, having hit...
Gold jumps on COVID-19 stimulus measures

Copper up on slowing COVID-19 infections

Copper has risen, supported by a slowdown in the death toll from coronavirus in some European countries and falling inventories, though fears of recession continued to weigh on prices. Benchmark copper on the London Metal Exchange was up 1.1 per cent at $US4,891 a...
Gold jumps on COVID-19 stimulus measures

Oil dips after delays in Saudi-Russia meet

Oil prices have slumped, pulling back from last week’s gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing worldwide oversupply as the coronavirus pandemic pummels demand. The global oil market rebounded over 35 per...
Gold jumps on COVID-19 stimulus measures

Wall St jumps as coronavirus deaths slow

The S&P 500 was on track to recoup about $US1 trillion ($A1.6 trillion) in market value in a frantic rally after New York, the biggest US coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level off soon. All three main...
Gold jumps on COVID-19 stimulus measures

Stocks jump on virus hopes

World stock markets have jumped, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again. Equity investors were encouraged as the death toll from the virus...