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Market futures muted

Market futures were muted as further data due out this week is expected to show the ongoing economic impact of the COVID-19 pandemic, with the number of confirmed cases globally continuing to climb above 4 million.
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Evraz closed lower in London as markets consider ongoing COVID-19 ramifications

Staff reporter

Key indices closed marginally higher yesterday, with the S&P 500 up 0.02% to 2,930.32 and the S&P/TSX Composite Index gaining 0.9%.

The gold price has fallen below US$1,700 an ounce again on the spot market and was worth about $1,696/oz at the time of writing.

Among the market movers, integrated steel, mining and vanadium company Evraz (LSE: EVR) posted one of the bigger losses on the FTSE 100 yesterday, closing down 6.19%.

In Toronto, South America-focused junior Orosur Mining (TSX: OMI) jumped 42.9% - or C1.5c - on no news to close at 5c, at the lower end of its 52-week range of 3-13c. The company this month appointed Western Australian resident Brad George as a non-executive director as it advances its Anzá Project in Colombia with Newmont.

Takeover target Guyana Goldfields (TSX: GUY) closed 14.3% higher on news of a proposal from Gran Colombia Gold to rival SilverCorp's offer.

Gran Colombia (TSX: GCM) closed 12.9% lower.

Finally, junior Trek Metals (ASX: TKM) was up about 31% in morning trade on no news, to A1.7c. The company has exploration projects in the Northern Territory and in Gabon, where Apollo Minerals may earn up to 80%.