Copper falters on sombre US outlook

Copper falters on sombre US outlook

Copper extended losses overnight after US officials flagged an extended economic downturn brought on by coronavirus, hitting the metal used as a gauge of economic health. The potential for a second wave of coronavirus infections in top consumer China and a resurgence...
Copper falters on sombre US outlook

Gold’s 3-week high as trade risks mount

Gold climbed to a three-week high overnight, propelled by safe-haven demand, as investors ditched riskier assets on concerns over long-drawn economic weakness and renewed US-China trade tensions. Spot gold rose 0.7 per cent to $US1,727.70 per ounce by 1750 GMT, having...
Copper falters on sombre US outlook

Oil rises on dip in US crude stockpiles

Oil prices settled higher overnight after the International Energy Agency (IEA) forecast lower global stockpiles in the second half of 2020, although worries remain that a second surge in coronavirus infections could occur in coming months. Crude prices have ticked up...

The Independent

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Copper falters on sombre US outlook

ASX shares to edge higher

Shares on the Australian market are poised for a better start after US markets rallied overnight on economic recovery hopes. The SPI 200 futures contract was higher 45 points, or 0.85 per cent, to 5,353.0 at 0700 AEST on Friday, indicating a small gain in early trade....