CAPITAL MARKETS

Markets lack positive signs, Freegold soars

Freegold doubles in Toronto

Staff reporter

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Metals and mining stocks were off 0.13% in Toronto, where Freegold Ventures (TSX: FVL) was the standout market riser.

The company rose 112.5% after reporting a 188m intercept grading 3.69g/t gold at its Golden Summit project in Alaska.

The gold price has dipped below US$1,700 an ounce to $1,692/oz on the spot market at the time of writing.

Producer Gold Road Resources (ASX: GOR) was down 2.8% in morning trade in Australia after a joint venture partner announced further anomalous gold results from the Lake Grace exploration project.

Among the majors, BHP (ASX: BHP) was up 1.4% this morning, Newmont (NYSE: NEM) lost 3.8% in New York and Glencore (LSE: GLEN) had gained 0.78% in London.

Copper closed almost 0.8% higher on the London Metal Exchange yesterday as China returned from a five-day break.

London markets will be closed for a bank holiday tomorrow.

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