Copper prices hit 8-week high

Copper prices hit eight-week highs overnight as recovering economic activity in China after the coronavirus lockdowns boosted expectations of stronger demand and the country’s central bank signalled further stimulus. Benchmark copper on the London Metal Exchange...

Gold dips as investors opt for dollar

Gold prices retreated overnight as the dollar benefited from safe-haven buying driven by fears over a second wave of coronavirus infections. Spot gold was down 0.3 per cent at $US1,695.75 per ounce by 1743 GMT. US gold futures settled 0.9 per cent lower at $US1,698...

Oil falls on fears of second virus wave

Oil prices fell overnight as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses. Brent crude futures lost $US1.37, or 4.4 per cent, to settle at $US29.60 a...

US stocks slip on fears of new virus wave

The S&P 500 and Dow Jones indexes have retreated after last week’s rally, as investors worry about a second wave of coronavirus infections with the reopening of several economies. Germany and South Korea reported a surge in new COVID-19 cases on Sunday, in...

Aussies save $12.7m a day in commute costs

Australians working from home during the coronavirus pandemic are saving a combined $12.7 million a day on average by avoiding commuting, a survey has found. A survey of 1,010 respondents by consumer research website Finder found 37 per cent of Australians, or more...