Copper prices hit three-month peak

Copper prices climbed to three-month highs overnight as economic stimulus from central banks, expected stronger demand in top consumer China and falling inventories in Shanghai triggered fresh buying. Benchmark copper on the London Metal Exchange (LME) was up 0.2 per...

Oil prices steady as market waits on OPEC+

Oil prices were little changed in choppy trade overnight as investors awaited a decision from top crude producers on whether to extend record output cuts. The Organisation of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+,...

Oil prices climb, helped by supply curbs

Oil prices rose overnight, supported by signs that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. Brent crude futures gained 64 US cents, or 1.8 per cent, to settle at $US36.17 a barrel....

Gold prices dip on profit-taking

Gold eased overnight in holiday-thinned trade as some investors took profits, though lingering US-China tensions and extensive stimulus measures by governments worldwide limited decline. Spot gold fell 0.3 per cent to $US1,728.55 per ounce by 1758 GMT. US gold futures...

Copper prices reach 10-week high

Copper prices have hit 10-week highs overnight as easing COVID-19 lockdowns around the world raised expectations of stronger demand and economic activity. Benchmark copper on the London Metal Exchange rose to $US5,464 a tonne, the highest since March 13, before...