Gold up as virus fears boost safety buying

Vinson

Gold prices firmed as investors sought safe-haven assets after sombre US economic data exacerbated fears of a economic downturn amid increasing lockdowns and other restrictions globally to combat the coronavirus pandemic. Spot gold was up 0.6 per cent at $1,580.29 an ounce, having earlier risen as much as 1.8 per […]

Japanese stocks tumble on lockdown fears

Vinson

Japanese shares have plummeted on the first day of the new fiscal year as investors braced for a lockdown of Tokyo, a global recession, and sharp cuts in corporate earnings and dividend payouts due to the coronavirus pandemic. The benchmark Nikkei average fell 4.5 per cent to a one-week closing […]

RBA held recession fears before rate cut

Vinson

Reserve Bank board members decided it was likely Australia’s economy would shrink across the March and June quarters – and potentially even longer – when it cut the cash rate to a record low 0.25 per cent to fight the impact of the coronavirus. The word “recession” was not mentioned […]