Gold prices boost TSX futures amid busy week of earnings

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Gold Prices Notícia

Toronto Stock Exchange,Oil Prices,Federal Reserve

Futures linked to Canada's main stock index kicked off the week on a positive note as gold prices gained, while investors awaited domestic GDP data and U.S. ...

- Futures linked to Canada's main stock index kicked off the week on a positive note as gold prices gained, while investors awaited domestic GDP data and U.S. big tech earnings for more clues on the health of their economies and markets.The Toronto Stock Exchange's S&P/TSX composite index ended higher last week as investors cheered U.S. inflation data that could clinch the start of Federal Reserve's interest-rate cuts in the coming months.

All eyes will be on the U.S. central bank this week that will deliver its interest rate decision on Wednesday, while Canada will release its GDP figures for May.Wall Street futures rose, boosted by inclines in megacap stocks as hopes of a rate cut gained momentum amid earnings updates from big technology firms Apple, Microsoft, Amazon.com and Meta Platforms later in the week.

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