Gold leaps above $1,800 for the first time since 2011 as traders pile into the popular safe haven

Gold rallied above $1,800 per ounce on Tuesday afternoon for the first time in nearly nine years as virus-fearing investors rushed to safe havens, and traded above that level Wednesday morning. Year-to-date inflows for gold-tracking ETFs reached 655.6 tons on Wednesday, according to Bloomberg, overtaking full-year inflows seen in 2009. Goldman Sachs sees the precious metal leaping even higher. The […]

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Gold price flirts with $1,800 as pandemic reshapes markets

Coronavirus fears cause unprecedented demand for gold Fosterville South Exploration CEO Bryan Slusarchuk on the rising demand for gold. Gold topped $1,800 an ounce Wednesday morning, before giving up its gains, as investors sought to protect their wealth from pandemic-induced declines in other assets. Continue Reading Below Front-month gold futures rose as much as 0.82 percent to $1,807.70 an ounce before […]

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Asian shares inch higher as data drives rebound hopes

(Reuters) – Asian stocks struggled for headway on Wednesday as the second half of the year got underway, with improving economic data offset by worries that surging coronavirus cases in the United States could derail the world’s recovery before it properly begins. Following firm U.S. housing data and signs of a rebound in Europe’s economy, the latest boost to sentiment […]

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Asian stocks climb after wild swings on U.S.-China trade mix-up

SYDNEY (Reuters) – Asian shares rebounded on Tuesday after U.S. President Donald Trump provided assurance that the U.S.-China trade pact was “fully intact”, following confusing statements from the White House earlier over the fate of the deal. MSCI’s broadest index of Asia Pacific shares outside of Japan rose 0.6% to 516.6 points after earlier going as low as 509.9. Chinese […]

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U.S. shares retreat on renewed pandemic fears, safe-havens rise

NEW YORK (Reuters) – Demand for safe havens rose and global equity markets turned south on Friday after Apple Inc said it would temporarily shut 11 U.S. stores as coronavirus cases continue to rise, rekindling fears of a deadly second wave of the pandemic. News of Apple’s move involving stores in Florida, Arizona, South Carolina and North Carolina doused hopes […]

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Asian Markets Lower Amid Virus Fears

Asian stock markets are mostly lower on Monday despite the positive cues from Wall Street on Friday, as worries about a second wave of coronavirus infections amid the reopening of economies weighed on sentiment. China as well as the U.S. states of Texas and North Carolina reported rising number of coronavirus infections during the weekend. In addition, data released on […]

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Shares rise on economic recovery hopes, bonds dip

NEW YORK (Reuters) – Global equity markets shot higher on Friday as renewed optimism of a quick economic recovery spurred risk appetite and reduced demand for safe-haven bonds, as did a report that China will speed up purchases of U.S. farm goods. The dollar slid and the euro rose even as little progress was made on a 750 billion euro […]

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Asian stocks set to rise after mixed Wall Street session

WASHINGTON (Reuters) – Asian stocks were set for gains on Friday although trade was likely to be choppy after a mixed Wall Street session with investor focus swinging between concerns about a second pandemic wave and more upbeat hopes about an economic recovery. Fresh contagion concerns have dominated the market focus this week with mixed data on infections jolting sentiment. […]

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Asian Markets Mostly Higher

Asian stock markets are mostly higher on Tuesday following the positive cues overnight from Wall Street. Optimism about the reopening of economies around the world helped offset worries about rising U.S.-China tensions and political unrest in the U.S. Reports indicated China has told state-owned firms to halt purchases of some U.S. farm goods amid tensions over Hong Kong. The Australian […]

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