"With the US election now only a fortnight away, the likelihood is money managers are going to be risk averse with the financial space dominated by a lack of liquidity/nervousness as a result of which RV trading may take on greater significance," Marex Spectron's Alastair Munro said yesterday.
The gold price has held above US$1,900 an ounce on the spot market and was worth about $1,903/oz at the time of writing.
Base metals except aluminium closed higher on the London Metal Exchange yesterday, with LME Week underway as a virtual event this year.
Copper was tipped the base metal to watch in 2021, according to a panel yesterday.
Meanwhile, the Robert Friedland co-chaired, dual-listed Clean TeQ Holdings is voluntarily delisting from the Toronto Stock Exchange next month, due to limited trading volume with 96% occurring on the ASX.
The Australia-based company is progressing its Sunrise nickel, cobalt and scandium project in New South Wales.
Its shares (TSX: CLQ) closed down 1.6% in Toronto.
Finally, Toronto-based producer Kinross Gold is reportedly considering selling its American assets and moving its primary listing to London to increase the company's value.
Its shares (TSX: K) closed down 2.4% yesterday but remain near the top of a one-year range.
