
Feb 3 (Reuters) - Futures linked to Canada's main stock index rose on Tuesday, as precious metal prices bounced back from their steepest two-day slide in decades, with gold set for its biggest daily jump since November 2008.
March futures on Toronto's S&P/TSX Composite Index SXFcv1 were up 0.45% as of 6:02 a.m. ET.
Toronto's benchmark stock index .GSPTSE closed higher on Monday, recouping some of the previous session's steep losses, with broad-based gains led by financial and consumer-related stocks.
On Tuesday, spot gold XAU= surged about 5%, while silver XAG= climbed 8.5%.
Copper prices also rebounded after news that China plans to boost stockpiles of the metal, with renewed risk sentiment among global investors providing further support. MET/L
Oil prices steadied after losses earlier in the session. Crude prices have come under pressure recently as U.S.-Iran tensions ease, with the countries set to resume nuclear talks on Friday.
Brent crude futures LCOc1 and U.S. West Texas Intermediate crude CLc1 were up 0.1% and 0.2%, respectively.
Recent volatility in commodities amid the uncertain geopolitical landscape has impacted Toronto's resource-heavy stock market, with the benchmark index seeing sharp swings in either direction.
TSX fell about 3.7% last week.
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