Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
BLBG: Canadian Stocks Fall, Led by Gold Producers; Barrick Declines
 
Canadian stocks retreated for the first time in six days, led by raw-materials producers, as gold and copper declined.

Goldcorp Inc., Barrick Gold Corp. and Yamana Gold Inc. retreated at least 1.9 percent as bullion fell for a second day on speculation the economy will improve, eroding the appeal of the precious metal as a haven. Canadian Natural Resources Ltd. and Husky Energy Inc. dropped as natural gas traded near a six- year low.

The Standard & Poor’s/TSX Composite Index fell 0.4 percent to 8,350.09 at 10:33 a.m. in Toronto, as 106 stocks declined and 98 advanced. Canada’s main stock benchmark rose 9.4 percent for its biggest weekly gain since Jan. 2 last week. It had fallen to the lowest in five years on March 9 after global financial institutions posted more than $1.2 trillion in credit losses.

Goldcorp, the world’s second-largest gold producer by market value, fell 1.9 percent to C$36.39. Barrick, the biggest, declined 2.4 percent to C$36.69. Yamana lost 3.2 percent to C$9.94. Gold futures for April delivery dropped 0.6 percent to $916.20 an ounce on the Comex division of the New York Mercantile Exchange.

Materials companies, the third-largest industry group in the S&P/TSX after financials and energy companies, contributed most to the benchmark’s decline.

Canadian Natural Resources, the country’s second-biggest gas producer, fell 0.9 percent to C$47.27. Husky Energy, which operates oil and natural-gas wells from Canada to Indonesia, declined 1.9 percent to C$26.50.
Source