Miners prosper as FTSE 100 makes steady progress
The FTSE 100 index recouped some of Friday’s losses, closing up 15.40 points at 9,442.87. Gold miners Fresnillo and Endeavour Mining leapt 9.1% and 11% respectively.
The FTSE 250 ended 262.48 points higher at 22,064.32, and the AIM All-Share rose 6.14 points to 792.47. European equities also saw gains, with the CAC 40 in Paris closing up 0.2% and the DAX 40 in Frankfurt ending up 0.6%.
Gains were driven by a decrease in rhetoric from President Donald Trump in the US-China trade spat, causing gold to soar.
President Donald Trump dialled down his rhetoric in the trade spat between the US and China.
Author's summary: Miners lead FTSE 100 gains.
- FTSE 100: +0.2% to 9,442.87
- FTSE 250: +1.2% to 22,064.32
- AIM All-Share: +0.8% to 792.47