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...

Oil falls 5% as US crude stocks hit record

Oil prices tumbled over 5 per cent, or more than $US2 a barrel overnight, after US crude storage hit another record and coronavirus cases rebounded in countries like Germany and surged in heavily populated areas of the United States. The United States had its...

Wall St surges on record retail sales rise

US stocks have jumped after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates in a trial of a generic steroid drug. A Commerce Department report showed...

Job ads steady in May after record dive

Australian job advertisements steadied in May after suffering their largest ever fall in April, with a steady improvement seen as the month progressed after a very depressed start. Tuesday’s figures from Australia and New Zealand Banking Group showed total job...

US consumer spending posts record drop

US consumer spending suffered another month of record decline in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter. The Commerce Department said on Friday consumer spending, which accounts...