CAPITAL MARKETS

S&P 500 at fresh high, Australia eyes COVID-19 developments

Gold price flat

Staff reporter

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It follows US president Joe Biden's infrastructure deal last week and concerns easing about inflation.

Australia meanwhile is facing increased COVID-19 restrictions around the country after various positive cases were identified, including one at Newmont's Tanami gold operation in the Northern Territory.

The operation has been temporarily suspended.

The gold price was flat around $1,782 an ounce on the spot market.

Among the movers, junior Deep-South Resources (TSXV: DSM) tumbled more than 65% in Toronto after the licence renewal for its Haib copper project in Namibia was rejected.

At the bigger end of town, Barrick Gold closed down 0.6% while Newmont rose by that amount in New York on Friday.

Finally, Anglo American closed up 1.45% in London.

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