FX.co ★ TSX Futures Edge Up as Gold Jumps on Safe-Haven Demand

Futures linked to the S&P/TSX Composite Index saw a slight uptick on Monday, bolstered by the mining sector following a nearly 2% rise in gold prices. This surge in safe-haven demand came on the heels of the weekend's capture of Venezuelan President Nicolás Maduro by the United States, which propelled the value of precious metals. In parallel, oil prices experienced an upward movement as market participants weighed the potential long-term effects on global supply due to the situation in Venezuela, providing a boost to Canadian energy producers. On the economic front, investors are strategically adjusting their positions in anticipation of critical labor market reports for December from both the US and Canada, expected on Friday.