FX.co ★ TSX Futures Rise on Gold Rebound

Futures for the S&P/TSX Composite Index saw an uptick on Tuesday, driven by a robust recovery in gold prices and strengthened oil quotations. Gold surged by nearly 6% after two consecutive days of significant losses, boosting mining stocks and calming investor anxiety following recent volatility. Furthermore, the decline in oil prices was arrested as tensions between the US and Iran eased, thereby reducing the geopolitical risk premium and bolstering energy sector shares. In terms of corporate activity, investors are eagerly anticipating a busy week of earnings reports, with upcoming results from Suncor Energy, Constellation Software, BCE, Saputo, and Telus on the horizon.