The UK’s FTSE 100 rose on Wednesday, as higher prices of gold spurred an uptick in precious metal miners, while Sage led gains in the benchmark index after the software firm’s profit jump.
The large-cap FTSE 100 (.FTSE) was up 0.2% at 0907 GMT, snapping a two-day losing streak, while the mid-cap index (.FTMC) climbed 0.3%.
Precious metal miners (.FTNMX551030) tracked a jump in gold prices and rose 0.4%. The bullion was lifted by a weaker dollar and a dip in U.S. bond yields amid expectations that the Federal Reserve was done hiking its interest rates.
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