Gold dips to one-week low on profit-taking

Gold dips to one-week low on profit-taking

Gold fell to a one-week low on as investors took profits, with bullion further weighed down by upbeat plans in some countries to loosen restrictions put in place due to the coronavirus. Spot gold fell 0.7 per cent to $US1,702.40 per ounce, after falling as much as 1.4...
Gold dips to one-week low on profit-taking

Gold price dips along with equities

Gold prices have fallen, a day after scaling over seven-year highs, as the dollar firmed and investors booked profits, although concerns of a global recession put a floor under prices. Spot gold fell 0.6 per cent to $US1,716.79 per ounce. On Tuesday, prices had jumped...
Gold dips to one-week low on profit-taking

Copper dips as recession fear hits markets

Copper has fallen as moves by China’s central bank to bolster the economy were overshadowed by predictions of a deep global recession, which drove down stock markets and oil prices. Copper, used in power and construction, has tumbled from above $US6,300 a tonne...
Gold dips to one-week low on profit-taking

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 dips to one-week low on profit-taking

Wall Street dips as record job growth ends

Wall Street has dipped as the novel coronavirus abruptly ended the longest spell of US employment growth on record, but declines were limited by a surprise expansion in the US services sector. The Labor Department’s report said a recession was under way as...