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Market futures mixed after US election

Market futures were mixed at the time of writing, as Joe Biden claimed victory in the US presidential election and Donald Trump was yet to concede defeat.
Market futures mixed after US election Market futures mixed after US election Market futures mixed after US election Market futures mixed after US election Market futures mixed after US election

Kamala Harris and Joe Biden celebrate as the US vice president-elect and president-elect

Staff reporter

Biden said he was honoured to be chosen to lead the country, while Trump tweeted on the weekend "I won this election, by a lot!"

The spot gold price was up around US$1,950 an ounce on the spot market.

Metals closed mixed on the London Metal Exchange on Friday, where copper rose amid continuing reports China would ban Australian copper concentrate imports.

Ontario-focused junior Stone Gold (TSXV: STG) starred on the TSX Venture Exchange, closing up 86.7% to a one-year high of C28c.

The company, which changed name from CR Capital in September, had last week appointed former Guyana Goldfields corporate manager John Timmons as president and CEO.

Mining majors closed higher in London on Friday.

Glencore gained 3.57%, while Rio Tinto and Anglo American both rose about 2.8%.

Copper major Freeport-McMoRan closed 1.59% higher in New York.

Finally, BHP was up 2.7% in morning Australian trade.