Canada’s TSX edges higher, supported by resource stocks and firmer gold

Canada’s TSX edged higher as resource stocks and gold benefited from strong earnings and elevated geopolitical risks. The S&P/TSX Composite rose 0.15%, helped by better-than-expected second-quarter results from Vermilion Energy and Kinross Gold, with more earnings due from Eldorado Gold and Baytex Energy. Gold prices climbed alongside safe-haven demand as Middle East tensions intensified, while oil prices pulled back after recent gains. Broader markets were also supportive: U.S. equities rallied sharply on solid tech earnings, easing U.S. inflation data, and expectations that the Federal Reserve will keep rates steady, though gains were tempered by conflict risks and a sharp post-earnings drop in Meta. The article frames gold as a key beneficiary of lower yields and a softer dollar, with the metal holding firm despite some fading in the initial post-Fed rally.