Gold gains as recession looms

Gold gains as recession looms

Gold rose overnight amid uncertainty over how economies would emerge from a deep slowdown, although optimism about a potential vaccine for the novel coronavirus capped bullion’s advance. Spot gold rose 0.7 per cent to $US1,743.25 per ounce by 1834 GMT. US gold...
Gold gains as recession looms

US crude gains as stimulus to continue

US crude ended slightly higher overnight, as US Treasury Secretary Steven Mnuchin said he supported extending certain measures intended to bolster the economy, while Brent ended lower on concerns that output cuts might not be sufficient. Oil has rallied for several...
Gold gains as recession looms

Gold gains as Fed signals more stimulus

Gold rose overnight after US Federal Reserve Chairman Jerome Powell pledged more stimulus measures, if required, to ease the economic blow from the novel coronavirus. Powell said the United States could face an “extended period” of weak growth and stagnant...
Gold gains as recession looms

Gold gains as investors bet on stimulus

Gold rose overnight on expectations of more stimulus from the US Federal Reserve to support an economy battered by coronavirus-induced restrictions, while an easing US dollar lent further support. Spot gold rose 0.3 per cent to $US1,701.44 per ounce by 1751 GMT. US...
Gold gains as recession looms

Wall Street gains amid easing lockdowns

Wall Street’s main indexes have risen on hopes of a pick-up in business activity as US states eased coronavirus-induced curbs, with investors also looking past a stunning 20 million plunge in US private payrolls last month. Five of the 11 major S&P sectors...