FX.co ★ TSX Futures Flat as Gold Slips and Oil Rallies

Futures linked to the S&P/TSX Composite Index remained relatively stable on Monday following the holiday break, with markets approaching the year's final week with caution. The mining sector experienced downward pressure as gold prices declined by approximately 1.5% due to profit-taking, spurred by a reduction in geopolitical tensions and a resulting drop in safe-haven demand. Conversely, crude oil prices surged by over 2%, providing a boost to Canadian energy producers. This rise came as investors considered the implications of discussions between the US and Ukrainian presidents regarding a potential peace agreement, balanced against the risk of supply disruptions in the Middle East. Additionally, the market is anticipating the release of the US Federal Reserve’s meeting minutes on Tuesday.