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Market futures up as curtain closes on Q2

Key market futures are looking positive as the second quarter draws to a close, which also marks six months since the World Health Organisation first learned of the virus now named COVID-19.
Market futures up as curtain closes on Q2 Market futures up as curtain closes on Q2 Market futures up as curtain closes on Q2 Market futures up as curtain closes on Q2 Market futures up as curtain closes on Q2

Marathon Gold resumed exploration at its Valentine project in Newfoundland this month

Staff reporter

WHO director-general Dr Tedros Adhanom Ghebreyesus warned yesterday the pandemic was "not even close to being over" and was actually speeding up.

However US Federal Reserve chair Jerome Powell has provided a note of optimism.

In his testimony to be presented to a US House of Representatives committee today, Powell welcomed a bounce-back in economic activity but said the virus had to be kept in check.

"We have entered an important new phase and have done so sooner than expected," he said.

North American and European indices closed up yesterday while Australasian markets finished lower.

The gold price is similar to this time yesterday, around US$1,770 an ounce on the spot market.

Gold equities had another good day in Toronto, where Alaska-focused Freegold Ventures (TSX: FVL) touched another one-year high, as did Marathon Gold (TSX: MOZ) and explorer Auryn Resources (TSX: AUG).

Elsewhere, Rio Tinto gained 0.1% in London, Barrick Gold rose 1.2% in Toronto and BHP was up about 0.9% in morning Australian trade.