Gold gains amid US, China tensions

Gold gains amid US, China tensions

Gold rose overnight as brewing tensions between the United Sates and China over the novel coronavirus outbreak kindled fears of a new trade war and had investors seeking safe havens. Spot gold gained 0.4 per cent to $US1,705.62 an ounce. US gold futures settled 0.7...
Gold gains amid US, China tensions

Oil gains after crude storage build slows

Oil prices surged more than 10 per cent after US crude stockpiles grew less than expected and gasoline posted a surprise draw, feeding optimism that fuel consumption will recover as some European countries and US state ease coronavirus lockdowns. Crude prices crashed...
Gold gains amid US, China tensions

Small share gains, economies eye reopening

World shares have eked out slim gains, with optimism over economies easing coronavirus lockdowns and oil prices clawing back ground amid caution over corporate earnings. MSCI world equity index, a tracker of shares in 49 countries, ticked up 0.2 per cent, with...
Gold gains amid US, China tensions

Wall St gains as US states start to reopen

US stock markets have risen as more states prepared to lift coronavirus-induced curbs and investors geared up for the busiest week of quarterly earnings reports, including from tech titans Apple and Microsoft. The risk-on sentiment propped up the US benchmark 10-year...
Gold gains amid US, China tensions

Oil crash hits stocks, US dollar gains

Global stocks fell on Tuesday, a day after US crude oil prices turned negative for the first time, as dismal company earnings reports underlined worries about economic damage from the coronavirus pandemic. The US dollar rose against a basket of peers as investors...