Oil has also been buoyed by evidence that efforts to scale back production are working.
Asian stocks looked set to follow Wall Street higher after a better-than-expected U.S. jobs report overshadowed ongoing concerns that new coronavirus hotspots could derail the economic recovery.
Prime Minister Boris Johnson on Friday will tell Britons to act responsibly as the U.K.’s pubs prepare to re-open, warning he’ll act to shutter parts of the economy again if the coronavirus pandemic runs out of control.
The chaos that engulfed the gold market in March as the global pandemic choked off physical trading routes is rippling through other precious metals, resulting in price dislocations and a surge in exchange inventories for silver and platinum.
India has accumulated the world’s fifth-largest foreign exchange reserves at more than $500 billion, making it a bright spot in an otherwise dismal economy.
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