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Canada’s main stock index outperformed its U.S. counterparts as the price of gold surpassed US$1,500 an ounce for the first time in more than six years amid growing concerns about an economic slowdown.

The S&P/TSX composite index closed up 115.73 points to 16,265.22.

In New York, the S&P 500 was up 2.21 points to 2,883.98. The Dow Jones industrial average dropped 22.45 points to 26,007.07, while the Nasdaq rose 29.56 points to 7,862.83.

The Canadian dollar traded at an average of US75.06¢, down from an average of US75.45¢ on Tuesday.

The September crude contract was US$51.09, down US$2.54 per barrel from Tuesday and the September natural gas contract was down US2.8¢ at US$2.08 per mmBTU.

The December gold contract was at US$1,519.60 an ounce, up US$35.40 from Tuesday and the September copper contract was up US1.35¢ at US$2.57 a pound.