Gold rises, stock markets little-changed after U.S. attack on Syria
TORONTO — Major North American stock indices stayed relatively flat while gold prices rose following a U.S. air strike on Syria.
The Toronto Stock Exchange's S&P/TSX composite index shed 30.05 points to 15,667.13.
In New York, the Dow Jones industrial average gave up 6.85 points to 20,656.10, the S&P 500 index edged down 1.95 points to 2,355.54 and the Nasdaq composite index fell 1.14 points to 5,877.81.
The June gold contract rose $4.00 to US$1,257.30 an ounce. Overnight, the benchmark gold contract hit a 2017 high of US$1,271.50 — up $18.20 from Thursday's close — before giving back most of its gains.
The rise likely came as investors turn to the precious metal as a safe haven following the U.S. attack on Syria Thursday.
The Canadian dollar rose 0.04 of a U.S. cent to 74.57 cents US.
Elsewhere in commodities, the May crude oil contract climbed 54 cents to US$52.24 per barrel, May natural gas contracts fell seven cents at US$3.26 per mmBTU and May copper contracts lost 1.1 cents to about $2.65 a pound.
The Canadian Press
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