Gold rebounds as virus rates knock stocks

Gold erased earlier losses on Friday as the coronavirus spread globally with a record jump in COVID-19 infections in the United States marring risk appetite and setting the metal on track for its third straight weekly rise. Spot gold rose 0.3 per cent to $US1,767.28...

Oil lower on rise in US virus cases

Oil prices settled lower on Friday as new coronavirus cases spiked in the United States, and on growing concerns about rising US output ticking up while crude stockpiles sat at record highs. Brent crude futures settled down 3 US cents at $US40.91, falling 1 per cent...

Wall St slips amid new US virus surge

Wall Street’s major indexes have tumbled more than 2.0 per cent as several US states imposed business restrictions in response to a surge in coronavirus cases. Some US states that were spared the brunt of the initial coronavirus outbreak or moved early to lift...

ASX set to open lower amid virus concerns

Australia’s share market could be in for a “rough” week as ongoing concerns of a second wave of coronavirus cases in the United States continue to play havoc with the global economy. The ASX is likely to open lower on Monday due to a fairly sharp...

Wall Street falls as virus cases surge

Wall Street’s major indexes have dropped as the United States set a new record for a one-day increase in coronavirus cases and bank stocks fell following the Federal Reserve’s move to cap shareholder payouts. The S&P 500 banks sub-index declined 3.9...