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Markets, palladium higher

Key market indices were higher around the globe amid further optimism over trade talks between Chinese and US officials which were set to enter a third day.
Markets, palladium higher Markets, palladium higher Markets, palladium higher Markets, palladium higher Markets, palladium higher

New Gold was also on the rise

Staff reporter

"Talks with China are going very well!" US president Donald Trump tweeted earlier.

Commodities were mixed, with copper closing lower on the London Metal Exchange and palladium hitting a fresh high.

It was worth US$1,321 an ounce on the spot market earlier - above gold's value of $1,281.50/oz.

Among the majors, Freeport-McMoRan closed up 1.8% in New York and Rio Tinto (LSE: RIO) gained 0.8% in London yesterday.

However BHP (ASX: BHP) was off 0.2% in Australian trade at the time of writing.

Toronto's metals and mining stocks closed higher yesterday, up 1.28%.

New Gold (TSX: NGD) rose almost 12% as it reported a strong fourth quarter, saying the best-ever quarterly production from its Rainy River mine in Ontario marked "a pivotal turning point".
 
Finally among the juniors, Origin Gold (TSXV: OIC) rose C2c or 20% yesterday on preliminary results from trenching at its La Pantera property in Colombia, reporting a quartz vein system returned values of up to 3.9g/t gold.