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Tax uncertainty weighs on global markets

Posted by: Admin | Posted on: November 20th, 2017 | 0 Comments

It was still trading above $1,290/oz earlier today.

In Toronto, both Barrick Gold (CN:ABX) and Goldcorp (CN:G) closed up more than 1% on Friday to C$17.96 and C$17.10 respectively.

Southern Silver in sight of silver giants

Southern Silver in sight of silver giants

St Barbara: 'Ain't seen nothing yet'

St Barbara: ‘Ain’t seen nothing yet’

RESOURCEStocks QA: Thundelarra's Tony Lofthouse

RESOURCEStocks QA: Thundelarra’s Tony Lofthouse

Vic Gold sets the pace in Yukon

Vic Gold sets the pace in Yukon

Gold miner AngloGold Ashanti (AU:AGG) was up 3.1% at market close in Australia, while diversified major BHP (AU:BHP) was unchanged and Rio Tinto (AU:RIO) closed down about 0.1%.

European markets are yet to fully respond to coalition talks failing in Germany over the weekend, which has thrown the country into political turmoil.

In Australia, the benchmark SP/ASX200 today followed the lead of key indices that finished slightly lower on Friday, with the FTSE 100 down 0.08% and the SP500 down 0.26% in the US, closing 0.2% lower.

Nickel miner Western Areas made a positive move, gaining 2.62% after the nickel price rose 2% on Friday on the London Metal Exchange.

Meanwhile, analysts await the release on Wednesday of the minutes from the US Federal Reserve’s latest policy meeting, which is expected to provide a better indication of the likelihood of an interest rate rise in December.

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