Wall St rises as investors eye recovery

Wall Street’s main indexes have surged and the Nasdaq has hit a three-month high as investors clung to hopes of a recovery from a coronavirus-fuelled slump amid signs of more stimulus for ailing sectors. The tech-heavy index, now about 5.0 per cent below its...

Gold gains as investors bet on stimulus

Gold rose overnight on expectations of more stimulus from the US Federal Reserve to support an economy battered by coronavirus-induced restrictions, while an easing US dollar lent further support. Spot gold rose 0.3 per cent to $US1,701.44 per ounce by 1751 GMT. US...

Gold dips as investors opt for dollar

Gold prices retreated overnight as the dollar benefited from safe-haven buying driven by fears over a second wave of coronavirus infections. Spot gold was down 0.3 per cent at $US1,695.75 per ounce by 1743 GMT. US gold futures settled 0.9 per cent lower at $US1,698...

Gold falls as investors move toward risk

Gold traders have seen prices ease from the highest point in nearly two weeks as investors grew hopeful about economies reopening after COVID-19 lockdowns. Spot gold fell 0.8 per cent to $US1,704.53 per ounce by 1831 GMT after hitting $US1,722.56, its highest price...

Shares up as investors eye lockdown easing

Stock markets have rallied as the Bank of Japan added more stimulus to cushion the impact of the coronavirus and investors cheered news more countries were easing lockdowns, though the oil price took another tumble with storage running short. The Bank of Japan matched...