Spot gold was up 0.5% at $1,705 per ounce by 1024 GMT. U.S. gold futures rose 0.7% to $1,710.40. "We're seeing a little softness in the dollar this morning which is providing some support for gold," OANDA analyst Craig Erlam said....
Spot gold was up 0.4% at $1,702.69 per ounce by 0804 GMT. U.S. gold futures climbed 0.5% to $1,705.90 per ounce. The new wave of infections is "priced through the fact that markets are looking at negative (U.S.) interest rates," ANZ analyst Daniel Hynes said, adding that the market was expecting some additional support from the Federal Reserve....
German conglomerate Thyssenkrupp warned on Tuesday that its operating loss could swell to 1 billion euros ($1.1 billion) in the April to June quarter due to the coronavirus crisis. "We are eagerly waiting the strategy for the steel unit."...
German conglomerate Thyssenkrupp on Tuesday warned its operating loss could swell to 1 billion euros ($1.1 billion) in the current quarter citing the coronavirus pandemic. Thyssenkrupp said it had secured a 1 billion euro credit line from German state-owned bank KfW [KFW.UL] to tide it over until it gets the money from the sale of its elevator division, which it expects to happen by the end of September. Thyssenkrupp is planning to shut down or sell assets to stop cash outflow....
The new policy -- which will last through June 30 and will also be applied at the gate if more than 70% of passengers have checked in -- follows a photograph of what appeared to be a packed United flight on Saturday on social media. United said 85% of its flights are less than half full, but given a drastically reduced flying schedule in the midst of the coronavirus pandemic, "there are a small number of flights where our customers are finding planes fuller than they expect."...
