NEWS
04/07/2016 11:04 EDT | Updated 04/08/2017 01:12 EDT

Stock markets fall amid lower oil prices; gold bullion charges ahead

TORONTO — The Toronto stock market fell as crude prices retracted in late morning trading today.

The S&P/TSX composite index declined 62.50 points at 13,284.96.

The loonie was at 76.05 cents US, down 0.32 of a cent.

In New York, the Dow Jones industrial average pulled back 150.15 points at 17,565.90, while the broader S&P 500 composite index lost 17.32 points to 2,049.34. The Nasdaq composite slid 51.47 points to 4,869.24,

The May crude contract was down 58 cents at US$37.17 per barrel and May natural gas added six cents at US$1.97.

The June gold contract surged $17.10 to US$1,240.90 an ounce and May copper contracts fell six cents to US$2.08 a pound.

The Canadian Press