Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Commodities  >  Gold       XAUUSD

GOLD

SummaryQuotesChartsNews 
News SummaryAll newsMarketScreener Strategies

Materials Down, Gold Up as Coronavirus Fears Escalate -- Materials Roundup

share with twitter share with LinkedIn share with facebook
share via e-mail
02/27/2020 | 04:32pm EDT

Producers of metals and other raw materials fell sharply amid fears that attempts to contain a rapidly spreading coronavirus epidemic would tip the global economy into recession.

Industrial metals such as copper have retreated in futures markets in recent sessions, but not by as much as some "soft commodities," such as oil. That could be because the nations experiencing significant new coronavirus outbreaks this week have domestic base metal supplies, but scant oil reserves, said analysts at brokerage ING, as reported earlier.

Still, aluminum, zinc, tin and nickel fell on the London Metal Exchange and extended recent declines. Gold futures rose as the precious metal regained its luster as a safe haven during a major stock rout, which sunk the Standard & Poor's 500 and the Dow Jones Industrial Average into correction territory.

Write to Rob Curran at rob.curran@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -4.06% 21636.78 Delayed Quote.-24.18%
GOLD -0.80% 1615.798 Delayed Quote.7.18%
LONDON BRENT OIL 0.04% 23.4 Delayed Quote.-59.21%
NASDAQ 100 -3.91% 7588.372902 Delayed Quote.-9.57%
NASDAQ COMP. -3.79% 7502.377567 Delayed Quote.-13.10%
S&P 500 -3.37% 2541.47 Delayed Quote.-21.34%
WTI 1.20% 20.58 Delayed Quote.-60.50%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on GOLD
03/27Materials Down As Gold Gives Back Some Of Week's Historic Gains -- Materials ..
DJ
03/27INDUSTRIAL AND COMMERCIAL BANK OF CH : Coronavirus pushes London banks to consid..
RE
03/27ANGLOGOLD ASHANTI : Withdraws Guidance, Closes Mines -- Update
DJ
03/27ANGLOGOLD ASHANTI : Withdraws Guidance, Closes Mines
DJ
03/26GOLD : Rand Refinery shuts smelter, reduces gold refining during S.Africa lockdo..
RE
03/24Stocks, gold surge as Congress nears $2 trillion aid package
RE
03/24Stocks, gold surge as Congress nears $2 trillion aid package
RE
03/24Stocks, gold surge as Congress nears $2 trillion aid package
RE
03/24Materials Surge On Hopes That Economic Shutdown Will Be Short-Lived -- Materi..
DJ
03/24Gold supply fears push spot prices far below U.S. futures
RE
More news
Chart GOLD
Duration : Period :
Gold Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GOLD
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish