TSX futures slip on escalating Ukraine crisis, lower gold prices

3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>April 5 (Reuters) – Futures for commodity-heavy Canada’s main stock index slipped on Tuesday as a fall in bullion prices overshadowed a rise in crude prices on growing prospects of more Western sanctions on Russia over its invasion of Ukraine.

3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>June futures on the S&P/TSX index were down 0.1% at 7:00 a.m. ET.

3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>Spot gold edged 0.2% lower as higher U.S. Treasury yields and expectations of aggressive interest rate hikes by the Federal Reserve dimmed its appeal.

3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>Oil climbed over 1% on concerns over tighter global supply as the United States and Europe planned new sanctions to punish Russia over alleged war crimes in Ukraine.

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l43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>An EU source told Reuters the European Commission is to propose new sanctions including a ban on imports of coal, rubber, chemicals and other products from Russia worth up to 9 billion euros a year. read more

3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>While the geopolitical tensions has rattled risk appetite, it has spurred a rally in commodity stocks…