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Markets upbeat, Harte drops

Market futures are pointing to a positive day after key stock indices gained, as did most base metals on the London Metal Exchange yesterday.
Markets upbeat, Harte drops Markets upbeat, Harte drops Markets upbeat, Harte drops Markets upbeat, Harte drops Markets upbeat, Harte drops

Harte Gold dropped as three directors resigned

Staff reporter

"The recent choppy nature of our markets has meant no two days seem to follow the same pattern so will be interesting to see if we are set to see another price collapse," Marex's Alastair Munro said yesterday from the LME desk.

The S&P 500 rose 1.52% as bargain hunters drove US equities to the biggest advance since March, Bloomberg reported.

London's FTSE 100 rose 0.54% and the S&P/ASX 200 was up more than 1% in morning trade.

In Toronto, Harte Gold (TSX: HRT) dropped more than 14% to a new one-year low of C6c.

The struggling miner said it was continuing its strategic review process as creditor Appian's three nominees to the board resigned, effective immediately.

Finally, the gold price is lower than at this point yesterday, around US$1,806 an ounce on the spot market, as US Treasury yields rose.