Rate cut expectations and trade situation boost gold prices; London gold mining stocks strengthen
Jinse Finance reported that London-listed gold sector stocks rose as gold prices strengthened. Victoria Scholar, Head of Investment at Interactive Investor, stated in a report that gold prices continue to climb, approaching historical highs, driven by expectations of a US interest rate cut this month and uncertainty over tariffs. "This week's focus is on the Federal Reserve's Beige Book, the US non-farm payroll report, the Job Openings and Labor Turnover Survey, and the ADP report." Hochschild Mining shares rose 5%, Alien Metals gained 3.85%, and Fresnillo increased by 1.6%.
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