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Mining stocks on the London Stock Exchange surged as precious and industrial metals prices climbed, driven by renewed hopes for a diplomatic resolution between the US and Iran. Shares in Anglo American and Fresnillo led the FTSE 350 gains, reflecting improved investor sentiment across the sector. Gold prices rose 2.6%, silver jumped 4.6%, and copper gained 2.0% amid the diplomatic optimism. Conversely, oil prices fell by approximately 2% as President Donald Trump pushed for fresh negotiations with Tehran. This market movement indicates a rotation into mining cyclicals as geopolitical tensions show signs of cooling. Analysts remain cautious, noting that while the rebound is significant, it occurs within a high-volatility environment influenced by ongoing global developments.
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