Newcrest, Zijin Rise After Gold Surges to Record

(Bloomberg) - Newcrest Mining Ltd., Australia's largest gold-mining company, rose to a record and led gains in Asian producers including Zijin Mining Group Co. after the price of the metal reached its highest ever.

Bullion extended a seven-year rally as the dollar weakened and crude oil reached $100 a barrel for the first time, stoking expectations for inflationary. Gold surged to a record $860.10 an ounce yesterday.

Rising jewelry demand in China and India and from investors seeking a hedge against inflation helped gold more than double in the past five years. Gold miners in China and Australia, the world's second and third-largest producers, are opening new mines and hunting for acquisitions to meet demand.

Read more at Bloomberg

Asian Stocks Rise for First Day in Four; Newcrest Advances on Metals Gain

(Bloomberg) -- Asian stocks rose for the first time
in four days. Newcrest Mining Ltd. and Sumitomo Metal Mining Co.
led an advance among commodity producers after copper, gold and
oil prices gained.

``Resources stocks generally trade off the back of macro
information and with commodities prices up, they're doing pretty
well,'' said Troy Angus, who helps manage the equivalent of $2.1
billion at Paradice Investment Management Ltd. in Sydney.


Read more at Bloomberg Stocks News