London mining stocks rise, precious metals continue to rebound.

London mining stocks rose as metal prices continued to rebound from recent sell-offs. In New York, gold futures rose by 3.4% to $5102.60 per ounce, while silver prices climbed over 8% to $90.05 per ounce. Analysts from ANZ Bank wrote that investors believed the previous sell-off was overdone and were attracted back into the market. Gold and silver miners Fresnillo rose by 2.2% and Hochschild Mining rose by 1.9%. Commodity giant Glencore rose by 1.4% and Anglo American rose by 0.7%.