Copper firms as supply fears support price

Copper firms as supply fears support price

Copper prices firmed as major miners warned that the coronavirus crisis would cut output and financial markets stabilised after two days of chaos caused by oil price falls. Benchmark copper was up 1.9 per cent at $US5,124.50 a tonne at 1620 GMT, after tumbling almost...
Copper firms as supply fears support price

Copper gains, but recession fears linger

Copper prices firmed overnight as data from China pointed to signs of gradual recovery from the novel coronavirus, but gains were capped by concerns about global growth and falling metals demand. New home prices in top metals consumer China grew at their slowest...
Copper firms as supply fears support price

Gold up as virus fears boost safety buying

Gold prices firmed as investors sought safe-haven assets after sombre US economic data exacerbated fears of a economic downturn amid increasing lockdowns and other restrictions globally to combat the coronavirus pandemic. Spot gold was up 0.6 per cent at $1,580.29 an...
Copper firms as supply fears support price

Japanese stocks tumble on lockdown fears

Japanese shares have plummeted on the first day of the new fiscal year as investors braced for a lockdown of Tokyo, a global recession, and sharp cuts in corporate earnings and dividend payouts due to the coronavirus pandemic. The benchmark Nikkei average fell 4.5 per...
Copper firms as supply fears support price

RBA held recession fears before rate cut

Reserve Bank board members decided it was likely Australia’s economy would shrink across the March and June quarters – and potentially even longer – when it cut the cash rate to a record low 0.25 per cent to fight the impact of the coronavirus. The...