Copper prices have hit a four-week high, boosted by coronavirus-linked supply disruptions and expectations of stronger demand, although gains were capped by caution over the pace of an economic recovery. Benchmark copper on the London Metal Exchange was up 2.9 per cent at $US5,163 a tonne at. Prices of the […]
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Shanghai copper hits near four-week high
Copper futures prices climbed to their highest in nearly four weeks on supply worries, following a fall in inventories and operations suspension in major producer nations. The most-traded copper contract on the Shanghai Futures Exchange climbed as much as 1.9 per cent to 41,980 yuan ($US5,958.80) a tonne, its highest […]
Gold jumps amid record high US job losses
Gold prices jumped to a two-week high overnight, after a record surge in US jobless claims dented the dollar and boosted expectations of further stimulus to cushion the global economic toll from the coronavirus pandemic. Spot gold rose 1.1 per cent to $US1,631.05 per ounce. “More countries are expected to […]