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Markets, gold ease off highs

Market futures around the globe are mixed to start the week following weaker than expected US jobs data on Friday and tensions in Iran.
Markets, gold ease off highs Markets, gold ease off highs Markets, gold ease off highs Markets, gold ease off highs Markets, gold ease off highs

Gold major Newmont shares gain

Staff reporter

The gold price - which rose above US$1,600 an ounce on the spot market last week, its highest point in more than six years - was a little lower at the time of writing, about $1,559/oz.

The S&P 500 eased off yet another record on Friday, while in Australia the S&P/ASX200 closed at a record high to end the week.

Markets could be set for a mid-week boost with the US and China reportedly due to sign their first phase trade deal on Wednesday.

In Canada, Eco Oro Minerals (CSE: EOM) jumped 21.4% - or C1.5c - on Friday as it announced a pro rata private placement designed to raise US$20 million.

It intends to use the money for repayments and general corporate purposes including working capital needs.

Finally, among the majors, gold producer Newmont (NYSE: NEM) closed up 1.5% on Friday and diversified miner BHP (ASX: BHP) was down 0.9% in morning trade.

Newmont, which is trading close to a one-year high as it enters its 100th year, had announced last week it would drop "Goldcorp" from its name in a brand refresh and increase its quarterly dividend by 79%.