CAPITAL MARKETS

Markets scale new heights ahead of Thanksgiving

Positive economic data helped markets achieve further record highs yesterday ahead of the US Thanksgiving break.

Staff reporter
 Candelaria is exploring the Pinos district in Mexico

Candelaria is exploring the Pinos district in Mexico

Market indices in Australia, Toronto and the US all achieved new highs.

US third quarter GDP was revised upwards while signs of a slowdown in China were seen as a possible push towards reaching a trade deal.

However US futures and Asian markets were mixed today as concerns over trade tensions reignited after US president Donald Trump signed a bill supporting Hong Kong protestors, Bloomberg reported.

Junior Candelaria Mining (TSXV: CAND) jumped in Toronto yesterday, gaining about 67% to rise off the previous day's 52-week low.

It had reported further high grades this week from infill drilling at its Pinos project in Mexico, including 2.4m at 4.2g/t gold and 92.3g/t silver, or 5.3g/t gold-equivalent.

Gold was trading about US$1,456 an ounce on the spot market earlier.

Finally among the majors, Rio Tinto (LSE: RIO) closed down 0.4% in London while BHP (ASX: BHP) was up about 0.4% in afternoon Australian trade.

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