Gold dips to two-week low on recovery talk

Gold dips to two-week low on recovery talk

Gold fell overnight to its lowest price in two weeks as the easing of coronavirus restrictions around the world fed optimism that the global economy could rebound. Spot gold eased 0.1 per cent to $US1,709.50 per ounce by 1707 GMT. The session low was 1,693.22, its...
Gold dips to two-week low on recovery talk

Wall St dips on US-China tensions

US stock indexes have moved in a flat-to-low range as simmering Sino-US tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus. US President Donald Trump’s rhetoric against China’s plan for a national security...
Gold dips to two-week low on recovery talk

Wall St dips on risks linked to reopening

The S&P 500 has slipped in choppy trading as the risks of reopening the economy too soon overshadowed hopes of a jump-start to battered global markets, following an easing of virus-led business shutdowns. Among the 11 major sectors, financial stocks, which...
Gold dips to two-week low on recovery talk

Gold dips as investors opt for dollar

Gold prices retreated overnight as the dollar benefited from safe-haven buying driven by fears over a second wave of coronavirus infections. Spot gold was down 0.3 per cent at $US1,695.75 per ounce by 1743 GMT. US gold futures settled 0.9 per cent lower at $US1,698...
Gold dips to two-week low on recovery talk

Copper dips on China factory data

Copper prices eased overnight as a survey showed factory activity in its top consumer – China – unexpectedly shrunk, but hopes for higher metals demand curbed price falls. Lingering fears for a long recovery ahead for China pulled benchmark copper on the...