Chinese stimulus hope helps copper rise

Chinese stimulus hope helps copper rise

Copper prices rose as much as 2 per cent overnight as investors looked past a US-China confrontation over Hong Kong to the prospect of Chinese economic stimulus that would improve metals demand. Benchmark copper on the London Metal Exchange (LME) was up 1.4 per cent...
Chinese stimulus hope helps copper rise

Gold firms on stimulus hope, vaccine doubt

Gold rose overnight amid extensive stimulus measures and uncertainty over a possible coronavirus vaccine, but bullion’s gains were limited as risk appetite improved on hopes of an economic recovery. Spot gold was up 0.3 per cent at $US1,749.29 per ounce by 1805...
Chinese stimulus hope helps copper rise

US crude gains as stimulus to continue

US crude ended slightly higher overnight, as US Treasury Secretary Steven Mnuchin said he supported extending certain measures intended to bolster the economy, while Brent ended lower on concerns that output cuts might not be sufficient. Oil has rallied for several...
Chinese stimulus hope helps copper rise

Wall St surges on stimulus, vaccine hopes

Wall Street’s main indexes have surged as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with investors also counting on more stimulus to rescue the economy from a deep slowdown. Drugmaker Moderna said its experimental...
Chinese stimulus hope helps copper rise

Gold gains as Fed signals more stimulus

Gold rose overnight after US Federal Reserve Chairman Jerome Powell pledged more stimulus measures, if required, to ease the economic blow from the novel coronavirus. Powell said the United States could face an “extended period” of weak growth and stagnant...