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'Productive' talks boost markets

Market futures were mainly positive as US-China relations remain in the spotlight.
'Productive' talks boost markets 'Productive' talks boost markets 'Productive' talks boost markets 'Productive' talks boost markets 'Productive' talks boost markets

SEMAFO’s Boungou operations in Burkina Faso

Staff reporter

US and Chinese negotiators held "productive" talks late last week, Bloomberg reported, with China's planned US farm visit cancelled at the US's request for separate reasons, according to people familiar with the matter.

Spot gold was above US$1,516 an ounce on the spot market earlier and silver is about $18.25/oz, as geopolitical tensions simmer following the recent attack on Saudi oil facilities.

Metals and mining equities had closed up 1.6% in Toronto on Friday.

Gold miners SEMAFO (TSX: SMF) and Endeavour Mining (TSX: EDV) led with gains of about 7.2% and 6.3% respectively.

Glencore gained 0.9% in London on Friday, where the clocking is ticking towards the Brexit deadline.

Metals and mining stocks were about 0.5% higher in midday Australian trade, with gold major Newcrest Mining (ASX: NCM) up 1.3% and BHP (ASX: BHP) up about 0.1%.

Japan is closed for a holiday today and China is closed for a national holiday next week.