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Market Open: Gold blasts to record, Firefly plunges | Sept 23, 2025

Economy, Finance, Market News, Market Summary
NDAQ:FLY
23 September 2025 10:00 (EST)

Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

The TSX opened higher Tuesday, with investors eyeing a record-setting move in gold and corporate earnings out of Firefly. Meanwhile, Nvidia’s rally continues to fuel optimism in the broader tech sector.

Market numbers

TSX: Up (0.64%), 29,958.98

TSXV: Up (1.94%), 922.33

DOW: Up (0.14%), 46,381.55

NASDAQ: Up (0.55%), 24,761.07

FTSE: Up (0.09%), 9,272.50

In the headlines

Gold prices blast to record – Gold surged 1.1% to a new all-time high of US$3,786, buoyed by expectations of more rate cuts. The metal is up nearly 6% in just seven days.

Firefly stock nosedives – Firefly Aerospace Inc (NDAQ:FLY) tumbled 12% after posting disappointing earnings, with mounting losses and shrinking revenues weighing on investor sentiment.

Currencies

USD: Down (0.11%), $0.7235

GBP: Down (0.06%), $0.5347

EUR: Up (0.08%), $0.6134

JPY: Up (0.03%), $106.92

Bitcoin: Up (0.22%), $112,983

(Conversion to C$1)

Commodities

Copper: Down (0.26%), 4.6559

Gold: Up (1.07%), 3,786.36

WTI: Up (1.27%), 63.48

Natural Gas: Down (0.11%), 2.797

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