Countdown to Christmas on markets

By Staff reporter / December 19, 2019 / www.mining-journal.com / Article Link

The S&P500 ended its five-day rising streak yesterday but closed down only 0.04% to 3,191.14, having hit another record intraday. In London, the FTSE 100 Index advanced 0.2% to 7,540.75, hitting the highest in almost 20 weeks with its sixth consecutive advance, Bloomberg reported. The gold price is similar to this time yesterday, around US$1,475 an ounce on the spot market. Among the majors, Rio Tinto (LSE: RIO) gained 0.2% in London. Freeport-McMoRan (NYSE: FCX) was up a similar amount in New York, closing 0.15% higher. Metals and mining stocks were off 0.8% in Toronto yesterday but Barrick Gold (TSX: ABX) rose 2.6% as it announced a schedule for its power conversion plans at the Pueblo Viejo joint venture mine in the Dominican Republic. Finally, Northern Star Resources (ASX: NST) was one of the bigger risers on the S&P/ASX200 in morning trade, up 2.4% earlier after completing a placement yesterday as it acquires Newmont's 50% share of Super Pit operator, Kalgoorlie Consolidated Gold Mines. 

Recent News

Platinum, palladium, copper gain on green China, supply constraints

September 29, 2025 / www.canadianminingreport.com

Gold stocks continue to soar as markets stumble

September 29, 2025 / www.canadianminingreport.com

Gold stocks again reach new highs

September 22, 2025 / www.canadianminingreport.com

Silver outpaces major metals in recent months

September 22, 2025 / www.canadianminingreport.com

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok