CAPITAL MARKETS

S&P 500 reaches new high

Gold softens

Staff reporter

This article is 4 years old. Images might not display.

The index closed up 0.18% to 4,574.79.

Meanwhile a bearish outlook weighed on base metals on the London Metal Exchange, where copper closed down more than 1%, as did nickel.

Marex's Al Munro on the LME desk pointed to global growth concerns, threats to consumption and Bloomberg analysis which forecast car and housing sales dropping again this month in China.

The gold price softened to US$1,793 an ounce on the spot market as the US dollar strengthened.

Among the mining majors, precious metals producer Fresnillo fell 4% in London.

BHP was down more than 1% in midday Australian trade.

Finally, copper major Freeport-McMoRan closed down 1.5% in New York.  

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.