June 24 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Monday, as gold prices went up.
Gold rose above $1,400, hovering near a six-year high touched in the previous session, driven by dovish signals from global central banks and increased tensions between the United States and Iran. gold XAU= was up 0.7% at $1,408.55 per ounce as of 0720 ET, heading for a fifth straight session of gains. Gold prices hit $1,410.78 on Friday, their highest since Sept. 4, 2013.
September futures on the S&P/TSX index SXFc1 were up 0.12% at 7:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 49.40 points, or 0.30%, to 16,525.43 on Friday. Jones Industrial Average e-mini futures 1YMc1 were up 0.16% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.16% and Nasdaq 100 e-mini futures NQc1 were up 0.17%. .N
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Alaris Royalty Corp AD.TO : Raymond James raises target price to C$19.50 from C$18.50
Cogeco Communications Inc CCA.TO : RBC raises target price to C$96 from C$94
Mullen Group Ltd MTL.TO : TD Securities raises rating to buy from hold
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1,407.9; +0.76% GOL/
US crude CLc1 : $57.83; +0.7% O/R
Brent crude LCOc1 : $65.17; -0.05% O/R
U.S. ECONOMIC DATA DUE ON MONDAY
0830 National Activity Index for May: Prior -0.45
1030 Dallas Fed Manufacturing Business Index for Jun: Prior -5.3
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Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA
Canadian markets directory CANADA ($1= C$1.32)