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16 gold miners in FTSE top 20
Gold miners dominated the FTSE leaderboard in early trading after Donald Trump’s victory – 16 of them featured among the top 20 gainers.
A traditional knee-jerk move to political uncertainty, investors piled in to precious metal producers after the result, only for many gold stocks to quickly go into reverse.
Gold bugs have enjoyed a strong 2016 because of a variety of unexpected geopolitical events and early indications of inflation creeping back into developed economies. London-listed miners Fresnillo (FRES) and Randgold Resources (RRS) have surrendered some of those gains more recently.