Gold gains on fresh China virus fears

Gold edged up overnight as concerns over a fresh coronavirus outbreak in China countered a surge on Wall Street driven by a record rise in US retail sales and optimism over a COVID-19 drug. Spot gold rose 0.09 per cent to $US1,726.17 per ounce by 1852 GMT. US gold...

China telcos fight to keep operating in US

The US units of China Telecom Corp’s and China Unicom have urged the Federal Communications Commission not to revoke the company’s nearly two-decade old authorisation to provide international telecommunications services to and from the United States. China...

Copper reaches March high on China boost

Copper hit its highest point since March overnight, buoyed by the prospect of higher demand from top consumer China after data showed a strong performance in its services sector. China’s services sector returned to growth last month for the first time since...

Gold firms on China standoff, US protests

Gold prices rose overnight supported by increasing friction between Washington and Beijing and protests in the United States over racism. Spot gold rose 0.6 per cent to $US1,736.40 per ounce by 1744 GMT. Prices earlier rose 1 per cent to hit an over one-week high of...

Copper gains on China stimulus hopes

Expectations of economic stimulus from top consumer China has spurred buying of copper, while mounting US-China tensions capped the upside. US President Donald Trump on Friday said his administration will begin to eliminate special treatment for Hong Kong in response...