Copper rises as virus affects Chile supply

Supply disruption in top producer Chile, solid demand in top consumer China and dwindling stockpiles kept copper prices near five-month highs on Monday. Benchmark copper on the London Metal Exchange (LME) was up 0.1 per cent at $US5,963 a tonne at 1615 GMT, close to...

Oil rises on improving economic data

Oil prices rose about $US1 a barrel on Monday, after bullish data from Asia and Europe, but investors are wary about sharp spikes in new coronavirus infections around the world. Brent crude gained 69 US cents, or 1.7 per cent, to settle at $US41.71 a barrel. US crude...

Oil rises as US economic data lends help

Oil prices rose about 2 per cent in a volatile session overnight, buoyed by signs of a marginal improvement in the US economy and a tepid rise in fuel demand, but price gains were limited by rising cases of COVID-19 in some US states. Brent crude rose 74 US cents, or...

Gold rises as virus spurs lockdown fears

Gold gained on Friday as a rise in coronavirus cases raised concerns of a second wave of the pandemic that could compel governments to implement new lockdowns. Spot gold was up 1.1 per cent to $US1,740.79 per ounce by 1803 GMT, while US gold futures settled 1.3 per...

Gold rises amid caution for Fed meeting

Gold jumped more than 1 per cent overnight as risk appetite took a back seat with cautious investors awaiting clarity on the state of the economy and further stimulus from the US Federal Reserve’s policy meeting. Spot gold gained 1.2 per cent to $US1,714.78 per...