CAPITAL MARKETS

Futures downbeat, confrontation tipped

Markets closed lower and futures were downbeat as COVID-19 cases continue to rise and US stimulus talks stall.

Staff reporter
 Image: iStock.com/monsitj

Image: iStock.com/monsitj

Meanwhile, Eurasia Group's Ian Bremmer has tipped "an enormous amount of confrontation" between China and the US, no matter who wins next week's US presidential election, Bloomberg reported.

Gold is above US$1,900 an ounce and silver is worth more than $24/oz on the spot market.

Silver explorer New Pacific Metals (TSX: NUAG) closed up 17.2% yesterday on no news.

It said last week it had started advanced studies for its Silverstrike project, west of its flagship Silver Sand project in Bolivia.

On the TSX Venture Exchange, Stakeholder Gold (TSXV: SRC) closed up 25% as it said it had received the final approval for its acquisition of Victoria Mining Corp and could start exploration at Dom Joaquim in Brazil, where it hopes to extract and sell "exotic blue quartzites".

Finally among the majors, Fresnillo and Antofagasta both closed up about 1.4% in London.

Newmont rose 2.2% in New York and BHP was down slightly in midday Australian trade.

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