London's Miners Boosted by U.S.-Iran Peace Agreement — Market Talk

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London's miners start the week higher after the U.S. and Iran outlined an interim peace deal that should ease inflation concerns and boost global sentiment. Gold futures in New York rise 2.3% to $4,337.80 a troy ounce with oil prices falling on expectations shipments through the Strait of Hormuz are set to resume. Higher interest rates from central banks typically hurt non-yielding assets like gold. Hochschild Mining is up nearly 8% with precious metal mining peers Fresnillo rising 6.1% and Endeavour Mining up 5.8%. Platinum group metals miner Valterra Platinum rises nearly 10% while copper miner Antofagasta trades up 6.6%. ([email protected])

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