FTSE 100 movers: Miners power FTSE 100 forward

16th Nov 2009 10:17

Miners account for ten of the top ten risers today led by Lonmin, Xstrata, Randgold and Rio Tinto. Gold prices have once again hit record levels, while other precious metals are up as investors seek refuge from continuing falls in the dollar. The fall in the greenback came amid better-than-expected data from Japan and disappointment with comments from President Obama on his Far Eastern tour. Gold, which often moves in the opposite direction to the dollar rose above $1,133 an ounce in London. The dollar is expected to remain under pressure as interest rates remain low and governments around the globe continue to keep the option of further stimulus open.Elsewhere in precious metals, platinum prices reached a 14-month high of $1,430 after Lonmin, which mines for the metal in South Africa, said carmakers and jewellers are beginning to restock.Financials are weak again with figures from Resolution last week unsettlin he life sector. Legal & General is down in sympathy while Royal Bank of Scotland is under pressure again amid fears of a new clamp down on banking pay will be unveiled on Wednesday in the Queen's Speech.FTSE 100 - RisersLonmin (LMI) 1,715.00p +7.73%Xstrata (XTA) 1,069.00p +5.42%Randgold Resources (RRS) 4,961.00p +5.40%Rio Tinto (RIO) 3,291.00p +5.04%Antofagasta (ANTO) 902.00p +3.92%Amec (AMEC) 827.50p +3.24%Anglo American (AAL) 2,631.00p +3.22%SEGRO (SGRO) 385.20p +3.10%Rolls-Royce Group (RR.) 484.10p +3.02%Fresnillo (FRES) 893.50p +2.94%FTSE 100 - FallersResolution (RSL) 90.50p -2.16%Legal & General Group (LGEN) 86.40p -1.37%Severn Trent (SVT) 988.50p -0.85%Royal Bank of Scotland Group (RBS) 37.17p -0.72%Next (NXT) 2,012.00p -0.45%Thomas Cook Group (TCG) 224.00p -0.36%Sainsbury (J) (SBRY) 341.60p -0.32%GlaxoSmithKline (GSK) 1,247.50p -0.28%AstraZeneca (AZN) 2,755.00p -0.18%United Utilities Group (UU.) 472.20p -0.17%