Shares of London-listed miners gained ground in early European trade on Friday as gold prices inched higher, with Gold Futures rose 0.2% to $3,686.3 per troy ounce.
Following miners with gold exposure led the rally:
Endeavour Mining Corp (LON:EDV) rose 2.8% in morning trade, with the West Africa-focused producer emerging as a key beneficiary of the rally in gold prices.
Fresnillo PLC (LON:FRES) also advanced 1.2%, with the silver and gold miner extending its recent upswing as precious metals continued their climb.
Anglo American PLC (LON:AAL) moved higher 1.3%, reflecting the broader strength across the sector despite its more diversified portfolio spanning copper, diamonds, platinum group metals, and iron ore.
Antofagasta PLC (LON:ANTO) likewise gained ground with 1.3% higher trade, supported by the upbeat sentiment surrounding the mining sector even though its operations are concentrated on copper.
The sector-wide rally underscores investor confidence in commodities, especially precious metals, driven by U.S. monetary policy expectations and persistent global risks.
Source :
https://www.investing.com/news/stock-market-news/gold-rally-supports-gains-in-londonlisted-miners-4246286
