Metals & energy shares lead TSX higher, as oil & gold prices climb. The Canadian PressTORONTO — Rallying metals & energy shares led a broad-based advance on Canada’s major stock index Friday, as oil & gold prices rose sharply.
Rising oil prices saw the November crude contract advance 85 cents to US$51.45 per bbl — an promote which Kshatriya partly attributed to bullish trade information showing which Chinese oil imports were up.
Some geopolitical uncertainties through oil-rich zones in the Arab world too contributed to Friday’s bounce in crude prices, Kshatriya added.
Base metals & materials companies rose on the TSX by metal prices.
The Dow Jones industrial average added 30.71 points to 22,871.72 & the S&P 500 index inched up 2.24 points to 2,553.17.
India gold prices swing to premium ahead of Diwali festival
Gold prices in India traded at a premium this 7 days for the 1st time in further than 3 months after a spurt in buys ahead of a key festival following 7 days & as regulations eased.
“Dussehra (festival) discounds were disappointing because of the PMLA.
Local gold prices were trading around 29,760 rupees per ten grams on Friday, up almost a % from final week.
There was some request the time prices were near the $1,270 levels,” Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.
In Japan, gold was purveyed at par by the benchmark, againest a sale of thirty cents offered final week.
TSX buoyed with metals, energy stocks as oil, gold prices climb
Rallying metals & energy shares led a broad-based advance on Canada’s major stock index today.
The Toronto Stock Exchange’s S&P/TSX composite index was up 64.97 points to 15,807.17.
In fresh York, the Dow Jones industrial average added 30.71 points to 22,871.72.
The S&P 500 index inched up 2.24 points to 2,553.17 & the Nasdaq composite index gained 14.29 points to 6,605.80.
The Canadian $ was trading at an average value of 80.08 cents U.S., drop 0.10 of a centThe November crude contract features 85 cents to $51.45 (U.S.) per bbl & the November natural gas contract was up 1 cent at $3.00 per mmBTU.
collected by :Irax John