US president Joe Biden was set to offer greater clarity around his economic vision and lay out the framework for the US$3 trillion infrastructure programme, Pepperstone head of research Chris Weston noted.

Upbeat sentiment sees money continue to flow into the mining sector.

Dual-listed Piedmont Lithium closed its underwritten US$122.5 million offering of American Depositary Shares last week, to continue development of its namesake project in North Carolina, for other investments and general corporate purposes. Its US shares (Nasdaq: PLL) closed up 0.07% on Friday.

Josemaria Resources (TSX: JOSE) lost 4.1% as it announced it had teed up a C$50.5 million financing, courtesy of a $10 million bought deal placement and concurrent private offering to a Lundin Family-related trust and "certain other investors" to advance its namesake copper-gold project in Argentina.

At the smaller end of town, New Age Metals (TSXV: NAM) closed up more than 15% after Eric Sprott took the lead order of C$5 million in a $5.05 million placement, designed to advance its flagship River Valley platinum group metals project in Ontario.

The gold price was flat, around US$1,733 an ounce on the spot market.

US market futures were lower but elsewhere were pointing to a positive start to the week.