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At the open: Dow hits record intraday high; Gold tumble hurts TSX

U.S. stock markets opened higher, but the TSX was struggling to stay out of the red given renewed weakness in gold prices this morning.

In early trading, the S&P/TSX composite index was up about 1 point, or 0.01 per cent, at 12,696; the S&P 500 was up 7 points, or 0.4 per cent, at 1,569; and the Dow Jones industrial average was up 59 points, or 0.4 per cent, at 14,631. The Dow had hit an intraday high of 14,640.39 - its highest level ever.