Gold miners help push S&P/TSX composite higher, U.S. stock markets mixed

Gold miners help push S&P/TSX composite higher, U.S. stock markets mixed
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TORONTO — Canada’s main stock index posted a triple-digit advance in late-morning trading as the materials sector, which includes the big gold miners, powered gains as the price of gold shot higher.

The S&P/TSX composite index was up 120.19 points at 16,634.80.

In New York, the Dow Jones industrial average was down 29.67 points at 27,901.35. The S&P 500 index was up 12.42 points at 3,385.27, while the Nasdaq composite was up 91.60 at 11,110.90.

The Canadian dollar traded for 75.73 cents US compared with 75.47 cents US on Friday.

The September crude contract was up 54 cents at US$42.55 per barrel and the September natural gas contract was down nearly three cents at US$2.33 per mmBTU.

The December gold contract was up US$39.50 at US$1,989.30 an ounce and the September copper contract was up four cents at US$2.90 a pound.

This report by The Canadian Press was first published Aug. 17, 2020.

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

 

The Canadian Press

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