Currently viewing Global edition

Market futures, gold lower

Market futures are pointing to a lower start to the week and US markets are closed today for the Martin Luther King Jr public holiday.
Market futures, gold lower Market futures, gold lower Market futures, gold lower Market futures, gold lower Market futures, gold lower

The NYSE is closed for a public holiday today

Staff reporter

The US Dollar Index edged higher amid scepticism US president-elect Joe Biden would be able to find enough support for his US$1.9 billion spending proposal, Marex Spectron's Anna Stablum noted on Friday.

The gold price fell to last trade at $1,818 an ounce on the spot market, having been around the $1,850/oz mark on Thursday.

Mining majors fell on Friday.

Copper major Freeport-McMoRan closed down 5.1% in New York.

In London, Anglo American fell 5.3%, Antofagasta lost 3.7% and Rio Tinto closed down 3%.

Barrick Gold lost 1.5% in Toronto.

Also in Toronto, Osisko Mining (TSX: OSK) closed down 6.3% to C$3.25 after announcing a $60 million bought-deal placement priced at $5.35 per flow-through share.

The company is drilling to advance its Windfall gold project in Quebec, where it's finding high-grade gold intercepts