CANADA STOCKS-TSX futures flat as investors await Powell's comments

Oct 9 (Reuters) - Futures tied to Canada's main stock index were subdued on Thursday, as investors turned their attention to U.S. Federal Reserve Chair Jerome Powell's upcoming remarks for insights into the interest rate trajectory of the world's largest economy.

December futures on the S&P/TSX index were up 0.05% at 5:57 a.m. ET (0957 GMT).

Powell's commentary, scheduled for later in the day, follows September's Fed meeting minutes revealing inflation concerns, potentially disrupting expectations for aggressive interest rate cuts already factored into current valuations.

In Canada, the benchmark S&P/TSX composite index closed higher on Wednesday, propelled by gains in technology and metal mining sectors, edging closer to Monday's record close.

The index has recently reached several record highs, riding the momentum of gold's ascent - a rally fueled by broader geopolitical uncertainties, economic concerns and persistent expectations for U.S. interest rate cuts.

On Thursday, the yellow metal held above the $4,000 level it achieved in the previous session.

Oil prices, were little changed as investors weighed a ceasefire deal in Gaza that could ease geopolitical tensions in the Middle East, against stalled peace talks in Ukraine that could sustain sanctions on Russia and curb its exports.

Shanghai copper, on the other hand, jumped to a more than 16-month high, with concerns over supply from major mines supporting prices.

In corporate news, Hadrian Capital Partners is selling down an A$688 million ($454.1 million) stake in dual-listed Capstone Copper (CSCCF), according to a term sheet seen by Reuters.

($1 = 1.5152 Australian dollars)

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Canadian markets directory (Reporting by Ragini Mathur in Bengaluru; Editing by Vijay Kishore)