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Futures point to lower open for U.S. markets amid worries in Middle East

TORONTO — The futures market suggested a lower open for U.S. stock markets as the prices for oil and gold both gained ground.

Looming on the markets are worries about stability in the Middle East after Turkey shot down a Russian warplane that it said had violated Turkish airspace and ignored repeated warnings.

Russia denied the plane crossed Syria's border into Turkey. Russia's defence ministry says the pilots parachuted but there has been no contact with them.

On the commodity markets, the December gold contract climbed US$6.90 at US$1,073.70, while the January crude oil contract gained 56 cents at US$42.31.

The January contract for natural gas fell 7.6 cents at US$2.267.

The Canadian dollar was up 0.11 of a cent at 74.89 cents U.S.

The Canadian Press

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