Mining stocks lift FTSE 100 as gold tops $4,500 an ounce and bitcoin jumps above $79,000
AI Market Summary
Cross-asset risk sentiment improved as the US Treasury signalled larger long-dated debt buybacks, driving yields and the dollar lower and lifting gold above $4,500 and base metals near records. Bitcoin rallied ~10% to above $79,000, aided by US regulatory momentum around the Clarity Act, stronger ETF demand, and short-covering liquidations. UK equities edged higher, led by miners leveraged to higher metals prices.
Impact level
● High
Affected assets
BTC/USDT+7.11%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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London shares rose on Friday, with mining stocks leading gains on the FTSE 100. Spot gold traded above $4,500 an ounce and copper held near record levels, boosting the sector. Antofagasta climbed 4% to 3,864p, while Fresnillo and Anglo American rose 3% each and Endeavour Mining gained 3%, with Glencore up 2%. Bitcoin also surged 10% to above $79,000.
