CAPITAL MARKETS

Trade optimism lifts markets

BTU gains again

Staff reporter

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The US Federal Reserve is widely expected to keep interest rates unchanged later today and the UK goes to the polls tomorrow.

North American market futures were up, Europe was mixed and Australasian markets were set for positive start today.

On Wall Street, the S&P 500 closed lower yesterday but has posted 23 new 52-week highs and two new lows, Reuters reported.

Gold was worth US$1,464 an ounce on the spot market earlier.

Among the majors, Rio Tinto (LSE: RIO) was unchanged in London yesterday.

Barrick Gold (TSX: ABX) rose almost 2% in Toronto and in New York, Freeport-McMoRan closed up 1.5%.

Finally, Great Bear Resources' neighbour in Ontario, BTU Metals (TSXV: BTU), enjoyed another jump, closing up almost 35% to a new one-year high of C46.5c.

The company had recently announced indications its TNT target at its Dixie Halo property could host VMS mineralisation and said last week partial results had been received for hole 13, showing elevated copper, gold and silver assays.
 

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