Rising bond yields and higher oil weigh on gold
Gold futures are lower for a third straight session, with rising bond yields and a jump in oil prices linked to renewed Middle East tensions.
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Gold futures are lower for a third straight session, with rising bond yields and a jump in oil prices linked to renewed Middle East tensions.
The S&P/TSX Composite Index fell more than 0.5% to trade below 36,500 on Tuesday amid rising global bond yields. Higher oil from renewed Middle East hostilities drove rate-hike expectations lower, pressuring financials and miners.
TSX futures fell Tuesday as rising global bond yields and declines in precious metals weighed on risk appetite, with higher oil prices limiting broader losses. September SXFcv1 dropped 0.5% by 05:56 a.m. ET.
U.S. stock futures advance, with Dow Jones, S&P 500 and Nasdaq 100 futures higher, as Scott Bessent expands sanctions on Iran and 10-year Treasury yields stand at 4.71%.
The S&P/TSX Composite Index edged lower below 36,500 as higher oil prices, rising bond yields and July Canadian producer prices up 12.4% year-on-year weighed on financials.
The S&P/TSX Composite Index edges lower around 36,500 as rising global bond yields, Middle East uncertainty, softer gold and looming 50% US tariffs pressure Canadian shares.
Canada stock-index futures edge lower on Tuesday amid rising global bond yields, Middle East uncertainty, and energy/trade-driven macro concerns, while oil rises, gold slips, and home sales undershoot expectations.
Gold ETFs are regaining investor attention after cooling inflation expectations, easing oil prices, a weaker dollar and softer U.S. labor market data combined to improve the outlook for the Federal Reserve’s interest-rate path, improving the near-term outlook for funds tied to physical gold and gold miners. And, after