The TSX opened higher Monday, lifted by strength in gold and copper after Goldman Sachs raised its price target for gold to US$4,900 an ounce. The Nasdaq also climbed to a new record, with optimism building ahead of Mark Carney’s second Oval Office meeting with Donald Trump, where tariff relief is expected to top the agenda.
Market numbers
TSX: Up (0.20%), 30,531.88
TSXV: Up (0.23%), 915.50
DOW: Down (0.14%), 46,694.98
NASDAQ: Up (0.78%), 24,978.56
FTSE: Down (0.08%), 9,509.00
In the headlines
- Goldman Sachs raises gold forecast – Goldman Sachs (NYSE:GS) hiked its gold target to US$4,900 an ounce, citing persistent inflation risks and strong central bank demand. The call helped lift bullion prices to US$3,982 in early trading.
- U.S. to acquire 10% of Trilogy Metals – The U.S. government will take a 10% equity stake in Trilogy Metals Inc (TSX:TMQ), a Vancouver-based mining company developing Arctic copper and zinc projects in Alaska. The move reflects Washington’s growing focus on securing North American critical mineral supply chains.
- Hudbay restarts operations in Peru – Hudbay Minerals (TSX:HBM) has resumed full operations at its Constancia mine in Peru following temporary unrest. The company said production guidance remains unchanged, easing concerns for investors after last week’s shutdown.
Currencies
USD: Down (0.07%), $0.7164
GBP: Up (0.45%), $0.5340
EUR: Down (0.33%), $0.6142
JPY: Up (0.24%), ¥108.12
Bitcoin: Up (0.03%), US$124,752.03
(Conversion to C$1)
Commodities
Copper: Up (1.36%), 5.1359
Gold: Up (0.57%), 3,982.62
WTI: Down (0.84%), 61.36
Natural Gas: Up (0.56%), 3.397
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