Currently viewing Global edition

Geopolitical concerns continue, TSX hits high

The aftermath of the weekend attack on Saudi Arabia’s oil industry has added to geopolitical concerns including trade tensions, the lack of Brexit progress and weak economic data out of China.
Geopolitical concerns continue, TSX hits high Geopolitical concerns continue, TSX hits high Geopolitical concerns continue, TSX hits high Geopolitical concerns continue, TSX hits high Geopolitical concerns continue, TSX hits high

Endeavour’s Houndé processing plant in Burkina Faso. The gold miner was among the risers on the TSX as it hit a record high yesterday.

Staff reporter

However the oil situation boosted the energy sector on Canada's main stock index, with the S&P/TSX Composite Index closing at a record high yesterday of 16,751.31 points.

Other key global indices closed lower yesterday and futures were mixed at the time of writing.

Base metals closed lower in London after a fresh batch of data on China's economy largely missed expectations, Bloomberg noted, adding to concerns around demand while also potential bolstering the chances of more measures to shore up growth.

The gold-heavy mining and metal stocks in Toronto gained yesterday, collectively up 0.27%.

West Africa-focused Endeavour Mining (TSX: EDV), one of the producers presenting at this week's Denver Gold Forum, led gold equities with a rise of 4.34%.

The gold price was just above US$1,500 an ounce earlier on the spot market.

Mining equities were lower in lunchtime Australian trade, where BHP (ASX: BHP) was down about 1.5%.