TSX Hits All-Time High: Gold Surge and Trade Tensions Fuel Record Performance

@ the Bell: TSX hits record high despite mixed inflation signals

Canada’s main stock index reached a new all-time high on Tuesday, driven by strong performances in metal mining stocks, as investors assessed the country’s mixed inflation report. According to Statistics Canada, the removal of the consumer carbon tax in early April significantly lowered inflation. However, there are emerging signs of rising costs at grocery stores. The annual inflation rate dropped to 1.7 per cent in April, down from 2.3 per cen…

TSX Hits All-Time High: Gold Surge and Trade Tensions Fuel Record Performance

The S&P/TSX Composite Index (INDEXTSI:JX) reached a new all-time high of 26,105.67 as markets opened on Tuesday (May 20), representing a 4.88 percent uptick since January. The milestone extends the index's five week rally, which has been fueled by strong performances in the mining and financial sectors, as well as easing global trade tensions. Gold has been a significant contributor to the TSX's ascent as well. After peaking at US$3,500.05 per o…

GRAPHIC: Gold players keep faith despite trade truce-induced correction

From Mining.com Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in US-China trade tensions punctured momentum, but analysts are sticking with a bullish outlook due to strong underlying support for the metal. Spot gold was trading around $3,180 an ounce on Friday, leaving prices on track for their worst week in six months.