Gold hits six-week high as traders look for Santa Rally – business live

Rolling coverage of the latest economic and financial news, on the final trading day before Christmas

1.01pm GMT

Shipping firm Clarkson led the FTSE 250 rally, finishing 3.5% higher.

Housebuilder Redrow gained 2.8%, amid hopes that the housing market might pick up next year

12.46pm GMT

Boom! Britain’s FTSE 250 has closed at an all-time high, as traders down tools for Christmas.

The index of medium-sized companies, including many domestic stocks, has closed 137 points higher at 21,981 points.

Continue reading…Rolling coverage of the latest economic and financial news, on the final trading day before ChristmasLatest: UK stocks close at new peakEurope’s Stoxx 600 hits record highIntroduction: Gold rallies in pre-Christmas tradingAnalyst: Gold could keep rallying in 2020Trade war jitters haven’t gone awayQuiet start to trading in London 1.01pm GMTShipping firm Clarkson led the FTSE 250 rally, finishing 3.5% higher.Housebuilder Redrow gained 2.8%, amid hopes that the housing market might pick up next year 12.46pm GMTBoom! Britain’s FTSE 250 has closed at an all-time high, as traders down tools for Christmas.The index of medium-sized companies, including many domestic stocks, has closed 137 points higher at 21,981 points. Continue reading…