Gold extends gains on dovish Fed statement

Gold rose nearly 1 per cent to a one-week high overnight after the US Federal Reserve held onto its pledge to ease the economic pain from the coronavirus pandemic, boosting bullion’s safe-haven appeal. Spot gold rose 0.8 per cent to $US1,728.76 per ounce by 1907...

Aluminium and zinc hit by inventory gains

Aluminium and zinc prices retreated overnight after inventories climbed, reminding investors that weak demand because of the coronavirus pandemic is likely to result in large surpluses. Some other industrial metals also slipped into the red along with oil and European...

Gold gains 1% as Wall Street rally fizzles

Gold rose more than 1 per cent on Thursday as the dollar retreated and Wall Street paused its recent rally as dismal US trade data overshadowed slightly upbeat labor market numbers and optimism about an economic rebound. Spot gold was up 1.3 per cent to $US1,719.42...

Early gains tipped for ASX after US rally

Traders can look forward to good early gains on the Australian share market after a broad rally on Wall Street overnight. The SPI 200 futures contract was higher by 73 points, or 1.23 per cent, to 5,999.0 at 0700 AEST on Thursday, indicating gains early. In the US, a...

Wall St gains on Boeing, recovery hopes

A jump in Boeing shares has lifted Wall Street, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country. Boeing rose 5.5 per cent and was the top boost to the blue-chip Dow Jones index...