Gold miners lead FTSE 100 lower

Gold miners lead FTSE 100 lower
 

The London market opened lower, with a fall in the gold price weighing on the shares of mining companies.
The benchmark FTSE 100 share index dropped 41.49 points to 6,753.22.
Shares in Randgold Resources fell nearly 7% while gold and silver miner Fresnillo dropped 5.3%.
The price of gold dropped 1% to $1,203.86 an ounce on Friday, the lowest since May. The gold price has been hit by rising expectations that US interest rates will rise next month.
On Thursday, the chair of the Federal Reserve, Janet Yellen, indicated that the US central bank could raise interest rates "relatively... read more

 
18 November 2016 in Business, Views: 37
Source: BBC
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