Market volatility over trade talk tensions

By Staff reporter / May 08, 2019 / www.mining-journal.com / Article Link

"The two largest economic powerhouses, the US and China, either will be at a trade war or a trade peace and in reality there's only a couple of people who know the answer to that and it isn't those of us on Wall Street," Glenview Capital Management CEO Larry Robbins told Bloomberg TV.

"It's going to be expected that there's some volatility into this critical week."

European and Toronto market futures were set for a lower start today while US futures were pointing positively at the time of writing.

Base metal futures were mainly higher in Asian trade and the gold price was worth a little more than this time yesterday, close to US$1,287 an ounce on the spot market.

Australian gold miners were on the rise, with Northern Star Resources (ASX: NST) up 3.87% in afternoon trade.

BHP (ASX: BHP) was down 1.1% as it faces a $5 billion UK lawsuit, relating to the 2015 Samarco dam failure in Brazil, which it intends to defend.

Finally in Toronto, Hudbay Minerals (TSX: HBM) slid after reporting a $22.3 million loss for the March quarter and further consultation requirements for its planned Pampacancha project at Constancia in Peru.

Its shares closed down 11.4% or C$1, to $7.76, a midpoint in its 52-week range.

Recent News

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com

Gold stocks continue to hit new highs

September 08, 2025 / www.canadianminingreport.com

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com

Gold stocks again hit new highs

September 02, 2025 / www.canadianminingreport.com

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok