Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»MARKET REPORT: Mining shares boosted as gold hits record high
    Precious Metal

    MARKET REPORT: Mining shares boosted as gold hits record high

    February 5, 20254 Mins Read


    By JON HOPKINS

    Updated: 07:29 GMT, 6 February 2025

    Precious metal miners shone as the price of gold hit record highs amid global trade war fears after President Trump imposed tariffs on China – who reacted in kind. 

    Gold reached $2,882.50 an ounce, beating several records already for 2025. Swissquote Bank analyst Ipek Ozkardeskaya pointed out that there was no better hedge for protecting a portfolio from Trump worries. 

    Fresnillo was a strong FTSE 100 performer, up 5.8pc, or 41.5p, to 775p as analysts at JP Morgan raised their target to 1000p from 900p, repeated an ‘overweight’ stance and made it its top pick among EMEA gold miners. 

    Other precious metal gainers included Endeavour Mining – up 3pc, or 50p, at 1715p – and FTSE 250-listed Hochschild ahead 2.3pc, or 4.2p, at 183.6p. 

    Strength from the miners helped the FTSE 100 end 0.6pc, or 52.52 points, higher at 8623.29, while the FTSE 250 closed 0.5pc, or 109.62 points, firmer at 20,762.88. 

    Gold prices have broken through several record highs already in 2025

    Gold prices have broken through several record highs already in 2025

    Among other blue-chip gainers, Marks & Spencer continued its advance, rising 3.7pc, or 12.6p, to 357.6p as more industry data showed strong sales momentum in its food business. 

    M&S grocery sales rose 9.7pc over the 12 weeks to January 25. That helped M&S shrug off a rating downgrade to ‘hold’ from  ‘buy’ by analysts at Jefferies. 

    And Scotland-based electricity generator SSE edged up 0.4pc, or 6.5p, to 1621.5p as it also confirmed steady annual earnings guidance, thanks to increased output of renewable energy. 

    But DCC Group fell 3.6pc, or 195p, to 5300p as the sales, marketing and support services groups operating profit in its technology segment declined in the third quarter. 

    Meanwhile, engineer Spirax shed 2.2pc, or 175p, at 7765p after a downgrade to ‘hold’ by analysts at HSBC. Ferrexpo lost 8pc, or 6.4p, to 73.6p, having tumbled on Tuesday after it said a civil claim worth £3bn had been filed against its Ukrainian unit. 

    And Raspberry Pi fell 0.5pc, or 4p, at 740.5p as analysts at Jefferies downgraded their rating to ‘hold’ from ‘buy’. 

    But housebuilder Crest Nicholson rallied 6.7pc, or 10.9p, to 173.9p, boosted by an upgrade to ‘buy’ from analysts at Investec. 

    Elsewhere, Grainger gained 5.5pc, or 11.5p, at 220.5p as the private housing provider’s net rental income rose 15pc year-on-year in the four months to the end of January. 

    There was a solid market debut on AIM for RC Fornax, a UK-based engineering consultancy, which closed at 34.5p following a successful fundraising of £6.15m at a price of 32.5p each. 

    Also on AIM, Gfinity leapt 80pc, or 0.04p, to 0.1p after it signed an exclusive licence agreement with 0M Technology Solutions to commercialise its connected video AI technology, Connected IQ. 

    And Ilika jumped 29.6pc, or 8p, to 35p after its collaboration with the UK Battery Industrialisation Centre successfully demonstrated its ability to scale-up the making of its Goliath battery.

    STOCK WATCH –  XEROS TECHNOLOGY

    XEROS Technology jumped 33.3pc, or 0.18p, to 0.7p after a breakthrough in commercialising its eco-friendly fabric care technology. 

    It has signed a letter of intent with an electronics distributor for a microfibre filter to be sold in the UK from late 2025. And it is in talks with some of the world’s biggest brands – partnership announcements are expected soon. 

    Four washing machine makers are in the verification stage for its tech. 

    DIY INVESTING PLATFORMS

    Easy investing and ready-made portfolios

    AJ Bell

    Easy investing and ready-made portfolios

    AJ Bell

    Easy investing and ready-made portfolios

    Free fund dealing and investment ideas

    Hargreaves Lansdown

    Free fund dealing and investment ideas

    Hargreaves Lansdown

    Free fund dealing and investment ideas

    Flat-fee investing from £4.99 per month

    interactive investor

    Flat-fee investing from £4.99 per month

    interactive investor

    Flat-fee investing from £4.99 per month

    Get £200 back in trading fees

    Saxo

    Get £200 back in trading fees

    Saxo

    Get £200 back in trading fees

    Free dealing and no account fee

    Trading 212

    Free dealing and no account fee

    Trading 212

    Free dealing and no account fee

    Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

    Compare the best investing account for you

    Share or comment on this article:
    MARKET REPORT: Mining shares boosted as gold hits record high

    Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Adam Silver takes major step toward new European League

    Precious Metal

    Dundee Precious Metals Delivers Record Free Cash Flow and Adjusted Net Earnings; Announces Second Quarter 2025 Results

    Precious Metal

    Gold (XAUUSD) & Silver Price Forecast: $3,352 and $38.30 Resist Breakouts Pre-FOMC

    Precious Metal

    Trump Tariff Surprise Triggers Implosion of Massive Copper Trade

    Precious Metal

    Canada spared from duties as it does not make semi-finished products

    Precious Metal

    Summer McIntosh wins third World Aquatics Championships gold but falls just short of 200m butterfly world record

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    EU slaps tariffs on US trucks, cigarettes and ice cream to target Trump’s red states – POLITICO

    Commodities

    gold price today: Gold Price Today: Yellow metal opens at Rs 68,272/10gm, silver at Rs 81,450/kg

    Property

    Braun and House Republicans reach agreement on property tax relief

    Editors Picks

    Why James Corden swerved this A-List hotspot to build staggering £18m property empire

    March 18, 2025

    Kuwait Bans Cryptocurrency Mining As Part Of Power Crisis Crackdown

    May 4, 2025

    What the Divergence Between T-Bond Yields and Commodity/Gold Ratio Tells Us

    July 24, 2024

    Capitals 5 – Canadien 2 | Les mauvais bonds

    April 27, 2025
    What's Hot

    UK’s coin maker turning e-waste into gold

    August 7, 2024

    The Simpsons Predict Bitcoin and XRP: Should We Pay Attention?

    October 14, 2024

    Public Property Invest ASA : Résultats financiers en forte progression au deuxième trimestre et au premier semestre 2025

    July 11, 2025
    Our Picks

    Private investors help fill the gap as lending to SME property developers halves

    February 26, 2025

    10 most expensive silver items featured on ‘Antiques Roadshow’

    July 21, 2024

    Short Interest in Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Grows By 8.1%

    August 17, 2024
    Weekly Top

    The Case for Colgate-Palmolive Company (CL)

    July 31, 2025

    Currency dominance in the digital age – Academia

    July 31, 2025

    Adam Silver takes major step toward new European League

    July 31, 2025
    Editor's Pick

    Haliey “Hawk Tuah” Welch Finally Broke Her Silence On That Cryptocurrency Scandal

    May 5, 2025

    SEI Investments Company : Oppenheimer à l’achat

    April 24, 2025

    Copper, aluminum, nickel among raw materials caught in trade war turmoil

    April 7, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.