India, July 16 -- The S&P/TSX Composite Index edged lower on July 16 after reaching a record high in the previous session, as declining gold prices weighed heavily on mining stocks. Investors remained cautious amid shifting commodity prices and expectations around global interest rates, while gains in some defensive sectors helped limit broader losses. Market participants also monitored U.S. economic data and corporate earnings for clues about the direction of North American equities.

TSX Index Performance Today

The benchmark TSX index slipped about 0.1% during trading, retreating from its all-time high. The decline was led by weakness in the materials sector, particularly gold and precious metal miners, as bullion prices moved lower. D...