Precious metals and industrial metals fall together, London mining stocks under pressure and decline

⑴London-listed mining stocks generally fell in opening trading due to the decline in precious metal prices. Analysts at ANZ Bank pointed out that industrial metals are also under pressure due to supply concerns and economic uncertainty. ⑵The rise in oil prices triggered by the Middle East conflict is intensifying inflation worries and may lead to US interest rates remaining at higher levels for longer. Lower borrowing costs usually support non-yielding assets such as gold. Meanwhile, investors are flocking to the US dollar, making dollar-denominated commodities more expensive for overseas buyers. ⑶On the market, gold futures fell 0.9% to $5,080 per ounce, while silver dropped 3.5% to $82.14 per ounce.