London Stocks Rise as Gold Surges and Bitcoin Breaks New Records

The London stock market opened higher on Tuesday, with the FTSE 100 index rising by 0.2% to reach 10,876.

This modest increase spread across various sectors, including blue chips, mid-caps, and smaller companies.

The commodity market continued to be a major focus area, with gold prices briefly reaching nearly $4,700 an ounce, its highest level since May.

This surge in gold prices is attributed to concerns over US inflation and bond markets, particularly following the US Treasury's decision last week to double purchases of longer-dated government debt.