Bullion Jumps after Gold Miners push TSX to a one-week highThe Toronto Stock Exchange (TSX) reached a one-week high last Friday. Economic data showed that U.S. Federal Reserve was not going to wind-down its stimulus program. This lifted the shares of gold miners as well as bullion prices.

The expected delay in Fed Stimulus pullback led to an increase in oil prices to 1.6 per cent which is the highest level for a period of more than two months.

The TSX’s S&P/TSX composite index GSPTSE closed up 87.95 points at 12,762.30. This was after rising as high as 12,776.14. This was the highest level since August 16.

 

By CWAN Global Press

The Canadian Wealth Advisors Network (CWAN) was established in March of 2009 as an online forum where investment professionals share ideas and best practices that allow them to meet the growing needs of their clients. As the CWAN community grew and evolved, it was expanded to serve both advisors and investors. Garnet O. Powell, MBA, CFA is the Editor-in-Chief of the Canadian Wealth Advisors Network (CWAN) magazine. He is an investment management professional with more than 20 years of experience. linkedin.com/in/garnetpowell

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