U.S. stock markets move higher to start August; gold up

U.S. stock markets higher

U.S. stock markets started the month higher as the price of gold briefly surpassed US$2,000 an ounce.

In New York, the Dow Jones industrial average was up 118.61 points at 26,546.93. The S&P 500 index was up 18.14 points at 3,289.26, while the Nasdaq composite was up 113.36 points at 10,856.90.

The S&P/TSX composite index was closed due to the Civic Holiday in many provinces.

The Canadian dollar traded for 74.44 US compared with 74.60 on Friday.

The September crude contract was up 17 cents at US$40.44 per barrel and the September natural gas contract was 15.3 cents at US$1.95 per mmBTU.

The December gold contract, which had the highest trading volume, was down US$3.20 at US$1,982.70 an ounce after peaking at US$2,009.50. The September copper contract was up 4.15 cents at nearly US$2.91 a pound.

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