Copper hits 5-month high on Chile fears

Copper prices touched a five-month peak on Friday on growing fears that output will be disrupted in top producer Chile by worsening COVID-19 infections at mines. Chile’s Codelco, the world’s biggest copper miner, suspended refinery and foundry operations...

Gold pulls back from record high

Gold weakened after hitting more than a seven and a half year high earlier overnight, with investors selling the precious metal along with other asset classes as a global rise in coronavirus cases led a flight to cash. Spot gold was little changed at $US1,766.21 per...

Asia stocks creep to four-month high

Asian shares have crept to a four-month high as investors remained stubbornly upbeat on the outlook for a re-opening of the global economy even as cases of the coronavirus looked to be accelerating to new peaks. MSCI’s broadest index of Asia-Pacific shares...

Gold hits high of more than a month

Gold prices climbed 1 per cent overnight to hit the highest level in more than a month, as investors took refuge in the safe-haven metal after an uptick in coronavirus cases dampened hopes for a quick economic recovery. Spot gold was up 0.7 per cent to $US1,755.58 per...

Gold eases but holds near one-week high

Gold eased overnight as the dollar firmed but fears over a fresh wave of coronavirus infections and the US Federal Reserve’s pledge to keep interest rates low kept bullion close to its highest in over a week. Spot gold was down 0.33 per cent at $US1,730.58 per...