Wall St rises on latest Fed rescue program

Vinson

Wall Street has closed out the trading week on a high note as the US Federal Reserve unleashed another program designed to buoy local governments and businesses crushed by massive closures to stem the coronavirus outbreak. The benchmark S&P 500 index posted it best weekly gain since 1974, in a […]

Copper rises on hopes of slowing pandemic

Vinson

Copper prices surged to their highest in nearly three weeks on some signs that the coronavirus pandemic may be slowing and on hopes that heavy bouts of stimulus will repair economic damage. Some analysts were wary, however, of the rally that swept industrial metals higher for a second day along […]

Gold rises on bleak US payrolls data

Vinson

Gold prices edged higher after gloomy US nonfarm payrolls data magnified the economic toll from the coronavirus, although a stronger dollar capped bullion’s advance. Spot gold was up 0.4 per cent to $US1,619.40 per ounce on Friday. US gold futures settled 0.5 per cent higher at $US1,645.70 per ounce. “Gold […]

Safe haven gold rises as virus spreads

Vinson

Gold prices inched up on Monday after an extension of restrictions in the United States exacerbated concerns about the economic toll of the coronavirus pandemic, driving investors to safe-haven assets. Spot gold rose 0.1 per cent at $US1,618 an ounce. US gold futures settled 0.2 per cent lower to $US1,622 […]