Dutch International: London Mining Stocks Rise as Metal Prices Increase

London mining stocks rose due to a slight increase in precious metal prices. Warren Patterson and Ewa Manthey of the Dutch international group wrote that metal prices were under pressure on Thursday due to widespread selling in the market and investor concerns about the impact of the conflict in the Middle East on the global economy. However, metal prices rose on Friday, with gold futures up 2.7% to $4,731.70 per ounce and silver up 3.4% to $73.68 per ounce. London Metal Exchange three-month copper futures rose 0.7% to $12,236 per ton. Precious metal miner Fresnillo rose 1.7%, while Hochschild Mining and Endeavour Mining both rose around 1.2%. Copper miner Antofagasta rose 0.9%. Diversified miner Anglo American Resources Group rose 0.6%.