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Sept. 14, 2010, 4:52 p.m. EDT

Gold, mining stocks boost Canadian market

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By Wallace Witkowski, MarketWatch

SAN FRANCISCO (MarketWatch) -- Canadian markets closed up Tuesday, boosted by higher gold and silver prices along with strength from mining stocks.

The S&P/TSX Composite Index closed up 43 points, or 0.4%, to 12,193, with the S&P/TSX Capped Materials Index rising 2%.

/zigman2/quotes/200593176/composite GLD 164.81, +2.08, +1.28%

Gold for December delivery rose $24.60, or 2%, to settle at a record high $1,271.70 an ounce on the New York Mercantile Exchange, after touching an earlier intraday high of $1,276.50. Silver for December delivery also gained, settling up 1.4% to $20.43 an ounce.

Iamgold Corp. /zigman2/quotes/206182143/delayed CA:IMG +3.77% shares closed up 5.4%, Silver Standard Resources Inc. shares rose 6%, Goldcorp Inc. /zigman2/quotes/225792379/delayed CA:G +1.54% shares rose 3.6% and Pan American Silver Corp. shares jumped 5.7%.

The loonie gained slightly against the U.S. dollar with the greenback buying C$1.0268, compared with C$1.0281 at the previous close.

CA : Canada: Toronto
$ 2.75
+0.10 +3.77%
Volume: 1.74M
Nov. 30, 2022 4:23p
P/E Ratio
Dividend Yield
Market Cap
$1.27 billion
Rev. per Employee
CA : Canada: Toronto
$ 1.98
+0.03 +1.54%
Volume: 19,912
Nov. 30, 2022 3:59p
P/E Ratio
Dividend Yield
Market Cap
$154.45 million
Rev. per Employee

Wallace Witkowski is a MarketWatch news editor in San Francisco.

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