reuters_tickers
By Khushi Singh and Medha Singh
(Reuters) -Precious metal mining stocks lifted London’s blue-chip index on Friday as investors raised their bets on a hefty U.S. interest rate cut next week, but gains were limited as a strong pound weighed on export-oriented companies.
The FTSE 100 edged up 0.4%, while the mid-cap FTSE 250 rose 1%. Both stock indexes registered a weekly advance, led by an over 19.5% rise in precious metal mining stocks over the week.
The index climbed over 6.8% to its highest level in over 15 months. Gold miners Fresnillo and Endeavour firmed 5.7% and 10.5%, respectively, as gold scaled a record high against a weaker greenback. [GOL/]
Gold prices rose as optimism about the Federal Reserve…
