Gold fell to an eight-month low as silver also fell to a four-year low, followed by platinum dropping to its lowest this year. Bullion is also expected to have a loss for this year. The S&P/TSX composite index decreased 112.28 points to 15,153.07, and the Canadian dollar had a drop of 0.52 per cent to 90.83 cents US. In Toronto, metals and the mining sector had a 2.57 decrease. Experts say that investors need to prepare for rough times ahead.
“We’ve been in an environment for the past couple of years where volatility has been well below average and I think that even with the return to a normal type of market volatility or fluctuations is going to be a little bit of an adjustment for investors who didn’t have to deal with that type of fluctuations for a couple of years,” Craif Fehr, a Canadian market strategist at Edward Jones, told CTV News. “Investors should reposition their portfolios and expectations for higher volatility.”
A report by HSBC on Tuesday will determine results on Chinese manufacturing, and whether China is set for growth. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
