Gold firms on stimulus hope, vaccine doubt

Gold rose overnight amid extensive stimulus measures and uncertainty over a possible coronavirus vaccine, but bullion’s gains were limited as risk appetite improved on hopes of an economic recovery. Spot gold was up 0.3 per cent at $US1,749.29 per ounce by 1805...

Copper hits two-month high on China hopes

Copper prices hit a two-month high overnight ahead of a Chinese government meeting this week expected to boost demand with pledges of higher spending on infrastructure, and on hopes for a global economic recovery. The Chinese government typically announces new plans...

Oil rises on lower US stocks, more demand

Oil prices rallied overnight after US crude inventories fell in the most recent week, but gains were capped by worries over the economic fallout from the coronavirus pandemic and weak refining margins. Oil futures have staged a recovery from recent weakness as...

ASX to edge higher on recovery hopes

Investors are likely to see gains in early trading on the Australian share market and will be hoping the main indexes can finish higher for a fifth consecutive day. The SPI 200 futures contract was higher by 36 points, or 0.65 per cent, to 5,064.0 at 0700 AEST on...

Wall St rises as investors eye recovery

Wall Street’s main indexes have surged and the Nasdaq has hit a three-month high as investors clung to hopes of a recovery from a coronavirus-fuelled slump amid signs of more stimulus for ailing sectors. The tech-heavy index, now about 5.0 per cent below its...