Newcrest Leads Producers Higher as Gold Rises: Sydney Mover
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Newcrest Mining Ltd., the worst performer this year among Australia’s 50 largest publicly traded companies, rose to its highest since June in Sydney trading to lead gains by gold producers after the precious metal touched a two-month record price.
Melbourne-based Newcrest rose 4.9 percent to A$13.70 in Sydney, its highest since June 5, after earlier gaining as much as 8.3 percent. Resolute Mining Ltd. jumped 5.4 percent and Perseus Mining Ltd. advanced 5.1 percent. Australia’s benchmark S&P/ASX 200 index was little changed.