Home Markets TSX futures gain on strong gold prices

TSX futures gain on strong gold prices

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Dec 17 (Reuters) – Futures for Canada’s main stock index edged up on Friday on higher gold prices, although gains were limited by concerns around surging Omicron cases around the world.

December futures on the S&P/TSX index were up 0.1% at 7:00 a.m. ET.

Gold climbed and was poised for its best week since mid-November, as the dollar weakened and focus returned to inflationary risks following moves by global central banks to withdraw pandemic-era stimulus.

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On the other hand, oil prices dipped on Friday and was on track for weekly losses, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand.

The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE) ended 0.14% lower at 20,739.78 on Thursday.

The rapid spread of Omicron coronavirus cases in the U.S. has forced some companies to pause plans to get workers back into office, while the number of cases in…

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