FX.co ★ FTSE 100 Hits New Record Led by Gold Miners

On Monday, the FTSE 100 index experienced a modest increase of 0.2%, reaching an all-time high of 10,141, primarily driven by a robust surge in mining stocks. Gold mining companies saw significant gains, with Fresnillo climbing by 6.5% and Endeavour increasing by 3.6%. Other notable advancements included Glencore at 3%, Rio Tinto rising by 1.6%, and Anglo American up by 1.4%. Conversely, Barclays faced a decline of over 2% after President Trump proposed a cap on credit card interest rates at 10% for one year. Meanwhile, an economic survey conducted by the Recruitment & Employment Confederation and KPMG revealed that UK employers reduced their hiring activities in December, grappling with escalating costs and subdued business sentiment following November’s tax-increasing budget by the Labour Party.