Lates News

The mining stocks listed in London were collectively lower in opening trading due to the impact of the Middle East conflict. Despite the rise in the price of gold in early trading, silver futures fell by 2.7% to $86.47 per ounce. Analysts from ANZ Bank pointed out that the uncertainty caused by the conflict has weakened sentiment, leading to a downward trend in the prices of base metals. Anglo American Resources fell by 3.65% and Glencore by 2.7%. Valterra Platinum declined by 5.2%, while the share price of copper miner Antofagasta fell by 4.2%. Gold and silver miner Fresnillo saw a drop of close to 2.7%, while Hochschild Mining fell by 3.1%.