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Markets lack positive signs, Freegold soars

Markets closed mixed and futures are mainly lower, as investors lack positive signs amid the ongoing economic fallout from COVID-19 and ahead of further US jobs data on Friday.
Markets lack positive signs, Freegold soars Markets lack positive signs, Freegold soars Markets lack positive signs, Freegold soars Markets lack positive signs, Freegold soars Markets lack positive signs, Freegold soars

Core from earlier drilling at Freegold Venture’s Golden Summit project in Alaska

Staff reporter

Metals and mining stocks were off 0.13% in Toronto, where Freegold Ventures (TSX: FVL) was the standout market riser.

The company rose 112.5% after reporting a 188m intercept grading 3.69g/t gold at its Golden Summit project in Alaska.

The gold price has dipped below US$1,700 an ounce to $1,692/oz on the spot market at the time of writing.

Producer Gold Road Resources (ASX: GOR) was down 2.8% in morning trade in Australia after a joint venture partner announced further anomalous gold results from the Lake Grace exploration project.

Among the majors, BHP (ASX: BHP) was up 1.4% this morning, Newmont (NYSE: NEM) lost 3.8% in New York and Glencore (LSE: GLEN) had gained 0.78% in London.

Copper closed almost 0.8% higher on the London Metal Exchange yesterday as China returned from a five-day break.

London markets will be closed for a bank holiday tomorrow.