London mining stocks rise on first trading day since progress in US-Iran nuclear talks.

London mining shares rose on the first trading day since signals were released over the weekend in the US and Iran about progress on a possible agreement to open the Strait of Hormuz. However, the outlook remains uncertain, especially after the US attacked targets in southern Iran, described by US military officials as defensive strikes. In early trading, New York gold futures rose 0.2% to $4,532.30 per ounce. Precious metal miners Hochschild Mining and Endeavour Mining both rose about 3%. Rio Tinto and BHP Group, listed on the London Stock Exchange, rose by 2.4% and 2% respectively. Glencore rose by 2.4% and Anglo-American Resources Group rose by 2%.