CAPITAL MARKETS

Dow hits 'sacred' 30,000

Key market futures are up around the world after a positive finish yesterday, amid vaccine hopes and indications of a transition to a Biden presidency in the US.

Staff reporter
 Copper producer Antofagasta gained 7.4%

Copper producer Antofagasta gained 7.4%

The Dow Jones Industrial Average broke through the 30,000 mark for the first time, which current US president Donald Trump described as "a sacred number".

"Nobody thought they'd ever see it," he said in a brief press conference.

"That's the ninth time since the beginning of 2020, and it's the 48th time that we've broken records … during the Trump administration."

The New York Stock Exchange is closed for Thanksgiving tomorrow.

Meanwhile the gold price has slumped towards US$1,800 an ounce.

It was up slightly to $1,812/oz at the time of writing.

Copper closed higher on the London Metal Exchange and red metal producer Antofagasta finished the day up 7.4%.

Glencore gained 5.97%, while Barrick Gold was down 2.6% in Toronto.

Finally, BHP was up more than 2% in midday Australian trade.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.