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1.Market Observations, 8.Was Sticky

30 Dec 2016 (TheAge) – Britain’s FTSE closes at record high on gold miners

(30 December 2016, The Age, online)

‘Britain’s top share index posted its highest closing level on Thursday following a rally in precious metals miners on stronger gold prices, although weaker banks dragged down a pan-European index in holiday-thinned trade. Gold miner Randgold Resources jumped 4.8 per cent, the biggest gainer in the FTSE 100 index, after gold hit it highest in two weeks on a weaker US dollar that generally makes the metal cheaper for other currency holders. Another gold miner Fresnillo surged 4.6 per cent.’



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