Wall St up on signs of economic recovery

Wall Street’s three major indexes have risen as the pace of decline in business activity slowed, bolstering hopes that the worst of the coronavirus crisis was over. The Nasdaq hit a fifth record high this month, with Apple Inc providing the biggest boost after...

Wall St gains on economic recovery hopes

US stocks have jumped about 1.0 per cent with the tech-heavy Nasdaq hovering near a fresh record high on hopes of a bounce back in post-pandemic economic activity, as investors shrugged off rising new COVID-19 cases in several US states. The Nasdaq opened above its...

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Gold slips as traders tip economic restart

Gold retreated 1 per cent overnight as investors booked profits and Wall Street rallied on optimism over economies emerging from coronavirus-led shutdowns. Spot gold fell 0.7 per cent to $US1,727.23 per ounce, giving up some gains from earlier in the session. US gold...