empty
 
 

26.01.202615:51:20UTC+00TSX Pushes New Highs on Mining Strength

The S&P/TSX Composite Index experienced a rise of approximately 0.4% on Monday, surpassing the 33,250 mark for the first time. This uptick was mainly attributed to the strength in mining stocks, which benefitted from an increase in gold prices. Shares of companies like Agnico Eagle, Barrick, Wheaton Precious Metals, and Franco-Nevada saw gains ranging from 1.8% to 3.9%. This was in response to spot gold temporarily exceeding $5,100 per ounce and closing nearly 2% higher, bolstered by safe-haven investments amid geopolitical tensions concerning Greenland and ongoing uncertainties regarding the Federal Reserve's autonomy. Despite these gains, trade risks remained a concern following President Donald Trump's threat to impose a 100% tariff on Canada if it proceeded with a trade agreement with China. Additionally, a significant decline in oil prices negatively impacted Canadian energy producers, thereby limiting the overall market increase.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback