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Futures mixed, gold lower

Market futures were mixed to start the week, with talks continuing regarding a Brexit trade deal and across the Atlantic, on stimulus measures eight days out from the US presidential election.
Futures mixed, gold lower Futures mixed, gold lower Futures mixed, gold lower Futures mixed, gold lower Futures mixed, gold lower

Base metals closed lower on the London Metal Exchange

Staff reporter

Meanwhile in China, Communist Party officials begin a four-day policy plenum today, to lay out a five-year plan to guide the economy to 2025.

Gold has dropped below US$1,900 an ounce on the spot market, to about $1,895/oz at the time of writing.

Base metals closed lower in London on Friday as the virtual LME Week wound up, where one panel had heard metals demand could stagnate in 2021 due to a second wave of COVID-19 infections.

The number of global cases is near 42.9 million, according to Johns Hopkins University today.

The US reached a record number of coronavirus infections for the second day in a row, adding another 85,317 cases, Bloomberg reported this morning.

Among the majors, Polymetal closed down 0.8% in London on Friday, Barrick Gold was off 0.3% in Toronto, Freeport-McMoRan finished flat in New York and BHP was slightly lower in morning Australian trade.

Finally, junior Kanadario Gold (TSXV: KANA) was a big mover in Toronto, up 78% on a planned name and management change plus backing from Sprott and the Lundin family.