TSX futures point higher amid gold price rise; U.S.-Iran tensions in focus

Canadian equity futures edged higher as gold prices rose, giving a boost to the commodity-heavy TSX. The move came despite a cautious backdrop of heightened U.S.-Iran tensions and renewed fighting in the Middle East. The S&P/TSX 60 futures contract was up 19 points, or 0.9%, while the broader TSX composite had fallen to a three-week low in the prior session after the Bank of Canada held rates steady and geopolitical risks intensified. U.S. futures also advanced as reports suggested Washington and Tehran continued peace talks, helping ease some risk aversion. Gold’s gain was supported by lower oil prices, which reduced fears of an inflation spike and aggressive central-bank tightening. The article also noted Oracle’s sharp after-hours decline on heavy AI-related spending plans, reinforcing weakness in technology shares and broader U.S. markets.