(Reuters) -Futures tied to Canada’s main stock index retreated on Tuesday following the benchmark index’s record-setting rally, as precious metals and energy prices pulled back from recent gains.
December futures on the S&P/TSX index were down 0.2% at 05:37 a.m. ET (0937 GMT).
The Toronto Stock Exchange’s S&P/TSX composite index had closed at an all-time high on Monday, extending its winning streak to seven consecutive sessions, propelled by positive momentum from Wall Street and strong performances in the mining and technology sectors.
The commodity-heavy Canadian stock index had been riding the wave of surging gold prices, which reached yet another historic peak early on Tuesday before retreating. [GOL/]
Silver prices also declined, while oil prices edged lower as investors weighed OPEC+’s smaller-than-anticipated November production increase against broader concerns about potential oversupply. [O/R]
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