Mining stocks drag on FTSE 100 after Fed signals US strength

Mining stocks fell in reaction to lower gold and silver prices.

Federal Reserve

By Kalyeena Makortoff, Press Association City Reporter

Mining stocks on London’s top tier index fell into the red on Thursday, as investors reacted to a drop in precious metal prices sparked by hawkish signals from the US Federal Reserve.

The FTSE 100 ended the day down 0.1% or 8.05 points at 7,263.9, weighed down by the likes of Antofagasta down 21.5p to 922p, Randgold Resources 170p to 7,300, and Fresnillo down 32p to 1,410p.