Metals tumble on Trump threats, dire data

US President Donald Trump’s threat of new tariffs on China and bleak economic data has forced the price of copper and other base metals down. Benchmark copper on the London Metal Exchange (LME) was down 1.6 per cent at $US5,108 a tonne on Friday and on track for...

Gold jumps after Trump’s tariffs threat

US President Donald Trump’s threat to impose new tariffs on China has helped gold prices climb by more than one per cent but bullion was on track for its worst week since mid-March. Spot gold rose 0.9 per cent to $US1,695.21 per ounce. US gold futures settled...

Oil firms as OPEC+ begins record cuts

Oil producers should start the week buoyant after two industry benchmarks posted their first weekly gains in four weeks as OPEC and its allies cut output to tackle a supply glut from the coronavirus crisis. In April, US crude fell to an all-time low and traded...

Wall Street tumbles amid uncertainties

Wall Street has sold off sharply after US President Donald Trump revived a threat of new tariffs against China in response to the COVID-19 pandemic which has brought global economies to a grinding halt. All three major US stock averages closed down well over 2.0 per...

Australian market to dip as trade resumes

The Australian share market is expected to dip slightly when trade resumes for the week, but a significant sell-off which saw prices tumble on Friday is unlikely to be repeated. The futures market suggests the benchmark S&P/ASX200 will fall by a modest seven...