Copper gains as Trump, data help outlook

Copper prices rose overnight after US President Donald Trump said a trade deal with China was “fully intact” and stronger-than-expected European and US data bolstered hopes of a rapid economic recovery. Benchmark copper on the London Metal Exchange was up...

Wall St gains on economic recovery hopes

US stocks have jumped about 1.0 per cent with the tech-heavy Nasdaq hovering near a fresh record high on hopes of a bounce back in post-pandemic economic activity, as investors shrugged off rising new COVID-19 cases in several US states. The Nasdaq opened above its...

Gold gains on fresh China virus fears

Gold edged up overnight as concerns over a fresh coronavirus outbreak in China countered a surge on Wall Street driven by a record rise in US retail sales and optimism over a COVID-19 drug. Spot gold rose 0.09 per cent to $US1,726.17 per ounce by 1852 GMT. US gold...

Great gains likely for share market early

Great gains are projected for the ASX early after US investors turned positive when the Federal Reserve revealed it will buy individual corporate bonds to help prop up the economy. The local SPI 200 futures contract was higher by 141 points, or 2.46 per cent, to...

Gold gains on fresh virus wave fears

Gold prices gained on Friday as investors bought the safe-haven metal as fears of a fresh wave of coronavirus cases added to the gloomy economic outlook from the US Federal Reserve. Spot gold rose 0.2 per cent to $US1,730.57 per ounce by 1810 GMT and has jumped about...