Oil slides on fresh virus outbreaks

Oil slides on fresh virus outbreaks

Oil prices settled lower overnight on fuel demand worries due to an uptick in coronavirus cases, with emerging hotspots in China and the United States, and as US crude stocks grew again, taking commercial inventories to another all-time high. Brent crude settled down...
Oil slides on fresh virus outbreaks

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...
Oil slides on fresh virus outbreaks

Fears of fresh virus wave hit Wall Street

Wall Street’s main indexes have slumped, with the S&P 500 falling below 3000 points after a spike in new coronavirus cases in China and parts of the US dampened hopes of a swift economic recovery. Battered shares of US airlines, casino operators and cruise...
Oil slides on fresh virus outbreaks

Gold gains on fresh virus wave fears

Gold prices gained on Friday as investors bought the safe-haven metal as fears of a fresh wave of coronavirus cases added to the gloomy economic outlook from the US Federal Reserve. Spot gold rose 0.2 per cent to $US1,730.57 per ounce by 1810 GMT and has jumped about...

Daily Enterprise Your Agenda, Fresh And Informed

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