Metals & energy shares lead TSX higher, as oil & gold prices climb

collected by :kiven Dixter

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

As it stated in 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.