BUZZ-London-listed miners rise on hopes of US rate cut

Reuters12-01
BUZZ-London-listed miners rise on hopes of US rate cut

** Shares of UK-listed miners rise on growing expectations that U.S. interest rate cuts will lift precious metals prices.

** Fresnillo FRES.L shares jumped 4.9%, leading gains on the FTSE 100 .FTSE, followed by Antofagasta up 2.6% and Endeavour Mining up 2.4%

** Glencore gains 2.2% and Anglo American rises 2.2%, all among top gainers on the blue-chip index

** Hochschild is up 3.8%

** The UK precious metals and mining stock <.FTNMX551030> was up 3.3%, with the sub-index nearly tripling in value YTD

(Reporting by Tuhina in Bengaluru)

((Tuhina@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment