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The FTSE 100 hit new heights on Wednesday, boosted by gains in miners as the price of gold surpassed 4,000 dollars an ounce for the first time.
The FTSE 100 index closed up 65.29 points, or 0.7%, at 9,548.87, a new closing peak. It had earlier set a new intra-day best level of 9,577.08.
The FTSE 250 ended up 39.03 points, 0.2%, at 22,041.83, but the AIM All-Share closed down just 0.30 of a point at 796.07.
Gold traded at 4,044.28 dollars an ounce on Wednesday, up against 3,985.98 dollars on Tuesday, taking year-to-date gains to 54%.
It passed the 3,000 dollars milestone in March, just ahead of US President Donald Trump’s liberation day tariffs that sparked uncertainty and volatility on financial markets.
Gold has previously passed 2,000 dollars during the Covid-19 pandemic and 1,000 dollars
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