The UK's FTSE 100 index is expected to break through the 10,000-point mark, with mining stocks in London all rising.
Interactive Investor analyst Richard Hunter wrote that London mining stocks rose in early trading as gold prices edged up slightly and market sentiment pushed the FTSE 100 index closer to the previously unimaginable 10,000 point mark for the first time. He stated, "Investors seeking safe haven assets have pushed gold prices to record highs, boosting other metals and lifting the mining sector." Gold and silver miner Fresnillo rose by 2.4%, Endeavour Mining by nearly 1.5%, and Hochschild Mining by a modest 1.2%. Rio Tinto's London stock price increased by 1.4%, while BHP's UK stock price rose by over 1%. Glencore and Anglo American Resources both rose by more than 0.5%. Copper miner Antofagasta rose by nearly 1%.
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