FTSE 100 rises over one percent on gold
London stocks rose over one percent as lower oil prices eased inflation worries and higher gold prices boosted precious metal miners. Investors also assessed the latest UK jobs report and awaited upcoming US inflation data.
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London's FTSE 100 climbed 1.02% to 10,782.87 points on Monday as lower oil prices eased inflation worries and rising gold prices lifted precious metal miners. The blue-chip index outperformed the midcap FTSE 250, which advanced 0.8% during the session. Investors weighed the latest labor market data from the United Kingdom alongside shifting commodity prices.
