Price of gold tops US$1,800 an ounce, U.S. markets mixed

Price of gold tops US$1,800 an ounce, U.S. markets mixed
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TORONTO — Canada’s main stock index was up in late-morning trading, helped by gains in the materials sector, which includes the big mining companies, as the price of gold topped US$1,800 an ounce.

The S&P/TSX composite index was up 45.67 points at 15,715.34.

In New York, the Dow Jones industrial average was down 130.51 points at 26,156.52. The S&P 500 index was up 4.04 points at 3,183.76, while the Nasdaq composite was up 81.96 points at 10,515.61.

The Canadian dollar traded for 73.67 cents US compared with 73.84 cents US on Monday.

The August crude contract was up four cents at US$40.67 per barrel and the August natural gas contract was up seven cents at US$1.90 per mmBTU.

The August gold contract was up US$13.00 at US$1,806.50 an ounce and the September copper contract was up less than a penny at nearly US$2.78 a pound.

This report by The Canadian Press was first published July 7, 2020.


Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)


The Canadian Press

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