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Randgold and Fresnillo buck falling FTSE 100

Discussion in 'Market News' started by Lily, Jun 10, 2016.

  1. Lily

    Lily Forum Member

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    Precious metal miners edge higher as gold and silver in demand

    With leading shares still under pressure on Brexit fears and falling oil prices, there are finally two risers in the FTSE 100.

    Unsurprisingly, with investors seeking the safety of gold and silver, they are both precious metal miners. Mexican miner Fresnillo is up 2p at 1213p while Randgold Resources has risen 5p to 6630p.

    Equity indices have gone for a dress-down and risk-off Friday, with major support levels breached or seeing meaningful tests. This is derived from Asian bourses following their stateside peers south as negative bond yields become more prevalent, calling into question global monetary stimulus efforts while growth and inflation struggle to recover post-crisis. And with event-risk related to next week’s Fed policy update and a too-close-to-call UK referendum on EU membership the week after, investors are continuing to temper their appetite for risk assets into the week-end.

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