(Reuters) -The UK’s FTSE 100 closed higher on Monday, led by gains in mining stocks, with investor focus on the Bank of England’s policy path.
The internationally oriented FTSE 100 closed 0.2% higher.
Precious metal miners rose 3.4% to lead the gains among UK sectors, tracking a rise in gold prices. Endeavour Mining gained 4.1%, while Fresnillo advanced 3.6%. [GOL/]
Industrial miners rose 3.1%, tracking a rise in iron ore and steel prices after China announced the start of construction on its mega-dam project in Tibet, which is expected to drive significant demand for construction-grade steel.
Glencore gained 3%, Anglo American rose 3.3%, Antofagasta advanced 4.7%, and Rio Tinto up 2.7%.
Media stocks were the laggards on the index with a 1.1% fall. Informa fell 1.7%.
The aerospace and defence index lost 1%, led by a 2% fall in BAE Systems.
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