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TSX May Break Winning Streak As Gold, Oil Prices Slide


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Canada's benchmark index looked set to break its multi-day winning streak on Thursday, pressured by sliding oil and gold prices .

Oil prices were down early in the day, following stock markets lower on concerns that the US trade wars are damaging the global economy and cutting into demand growth even as US production continues to rise.

Meanwhile, gold continues to trade below the US$1,300 mark, failing to pass the barrier despite Brexit turmoil, the US government shut down and weakening stock markets causing investor uncertainty, while the price has been checked by a strong US dollar, which makes the metal more expensive for international buyers.

The TSX closed up by 64 points on Wednesday, led higher by financials and materials.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks



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