FTSE 100 higher while gold hits new highs
|Investors continue to rebuild battered risk appetite as tariff news subsides for the time being, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
FTSE 100 resumes its push higher
Index heavyweight GSK has helped the FTSE 100 to recover some lost ground after the tariff-volatility earlier in the week. Overall a positive mood continues to re-emerge in markets, coming despite the poorer earnings from Alphabet last night. President Trump’s attention has moved on from tariffs and trade for the time being, though the mercurial leader could easily return to his favourite topic soon. Nonetheless, volatility is down once more, and calm prevails for the moment.
Gold marches on
The $2900 level is now in sight for gold, as the metal’s impressive rally goes on. Safe haven buying, central bank purchases and continuing softness in the dollar have made life much more amenable for the commodity, and if tariffs rear their head again we should see the metal make fresh gains.
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