Thursday Outlook: Stocks gain, gold inches up on hopes of pandemic peak

Commodity currencies benefit from oil output cut hopes

  
A trader wears a mask as he works on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York, U.S., March 20, 2020.

A trader wears a mask as he works on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York, U.S., March 20, 2020.

REUTERS/Lucas Jackson

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Asian stocks gain on hopes pandemic is approaching peak
Investors look for signs pandemic is slowing

Oil tanker freight rates fall ahead of OPEC+ meeting
Freight rates could drop further if OPEC, Russia and other producers decide to cut output sharply

Risk currencies buoyed by cautious hopes pandemic is peaking
Hopes of pandemic peak support risk-sensitive currencies

Gold inches up on weak dollar, pandemic peaking hopes cap gains
Spot gold rose 0.1% to $1,646.81 per ounce by 0059 GMT


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