---
title: "Bank and Mining Stocks Propel FTSE 100 to Record High"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-10-08T16:45:27+00:00"
modified: "2025-10-08T19:16:12+00:00"
date: 2025-10-08
canonical: "https://www.share-talk.com/bank-and-mining-stocks-propel-ftse-100-to-record-high/"
category: "B2B"
categories: ["B2B", "Blogs", "Technology", "Technology, Media & Telecoms"]
tags: ["Bank of England", "china", "COMEX", "EU", "FTSE 100", "FTSE 250", "futures", "Gold", "Gold Bars", "Laos", "London Stock Exchange", "Market", "Morgan Stanley", "MYANMAR", "silver", "Swiss", "Switzerland", "Syria", "UK", "United States", "US dollar", "US tariffs", "USA"]
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format: "news"
language: "en-GB"
---

# Bank and Mining Stocks Propel FTSE 100 to Record High

**Published:** October 8, 2025
**Author:** sharetalk
**Categories:** B2B, Blogs, Technology, Technology, Media & Telecoms
**Tags:** Bank of England, china, COMEX, EU, FTSE 100, FTSE 250, futures, Gold, Gold Bars, Laos, London Stock Exchange, Market, Morgan Stanley, MYANMAR, silver, Swiss, Switzerland, Syria, UK, United States, US dollar, US tariffs, USA
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/07/CQG-Trading_-Advanced-Tools-for-Professional-Traders-Google-Docs-Google.-2025-07-31-at-8.37.08-AM.webp?fit=1193%2C679&quality=80&ssl=1)

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Britain’s **FTSE 100** closed at a **record high** on Wednesday, lifted by strong gains in **financial and mining stocks** as gold prices surged to new peaks.

The **blue-chip index** rose **0.7% to 9,548.87**, while the **FTSE 250** added **0.2%**.

**Banking shares** led the advance, with the sector up **1.9%**. **Lloyds Banking Group** jumped **3.7%** after regulators proposed a smaller-than-expected compensation package for car finance mis-selling. The upbeat sentiment also boosted **Barclays** (**+1.1%**) and **HSBC** (**+1.5%**), the latter supported by a **Morgan Stanley price target upgrade**, while **Close Brothers** surged **5.4%**.

**Silver Hits New Record High as Precious Metals Rally Continues**

**Precious metal miners** rallied as **gold broke above $4,000 per ounce**, with **Endeavour Mining** rising **2.7%** and **Fresnillo** up **3%**. **Industrial miners** gained **1.7%**, tracking higher **copper prices**.

However, **real estate stocks** lagged, sliding **1.9%** to become the weakest-performing sector of the day.

Silver jumped **4%** on Wednesday to reach a **record high of $49.55 per ounce**, following gold’s own [record-breaking surge](https://www.share-talk.com/gold-tops-4000-for-the-first-time-amid-global-political-turmoil/) as demand for precious metals continued to climb.

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