Copper up on China demand, low inventory

Copper prices climbed overnight, reinforced by lower inventories and robust consumption in top consumer China, though any further rally is likely to require signs of demand recovery in the rest of the world, analysts said. Benchmark copper on the London Metal Exchange...

Oil prices slump 8% on demand concerns

Oil prices tumbled by about 8 per cent a barrel overnight, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States. US coronavirus cases surpassed 2 million on...

Copper rises on improving demand prospects

Copper prices climbed to three-month highs overnight as stronger manufacturing data from top consumer China and the loosening of lockdowns imposed to contain the coronavirus stoked expectations of healthier demand. Benchmark copper on the London Metal Exchange (LME)...

Trump’s China response to help gold demand

Gold investors will continue examining the market reaction to US President Donald Trump’s response to a Chinese national security law for Hong Kong. Spot gold climbed 0.9 per cent to $US1,734.70 per ounce by 1744 GMT on Friday, before Trump said his...

Oil steadies amid demand concerns

Oil prices edged up overnight in sluggish trading with holidays in Singapore, London and New York, as rising concerns over demand recovery offset supply cuts. Brent rose to $US35.81 a barrel by 1659 GMT, while US oil was flat at $US33.74 a barrel. Both are down around...