Gold prices surged to their highest in nearly eight years on Wednesday, while global shares cooled as signs of an acceleration in coronavirus cases kept investors on edge. "The trough in global growth is indeed behind us, but the recovery trajectory in H2 remains uncertain." The dollar was just a touch negative against a basket of currencies, just above a one-week low hit Tuesday. Germany will also visit the primary market with the first reopening of a 15-year bond which is expected to raise €2.5bn. Brent crude was up 0.3pc at $42.75 a barrel, while US West Texas Intermediate (WTI) crude futures fell 1 cents to $40.34 a barrel, paring some earlier losses.

Source: Irish Independent June 24, 2020 08:15 UTC