Connect with us


Why Newcrest (ASX:NCM) and Northern Star (NST) shares are flying high today



The Newcrest Mining Ltd (ASX: NCM) share price and the Northern Star Resources Ltd (ASX: NST) share price have been strong performers on Friday.

At the time of writing, the shares of these gold miners are both up 4%.

Why are Newcrest and Northern Star shares charging higher?

There have been a couple of catalysts for the rise in the Newcrest and Northern Star share prices today.

The first is a rise in the gold price overnight. According to CNBC, the spot gold price rose 1.6% to US$1,764.70 an ounce after bond yields retreated.

This has given the overall sector a lift, leading to the S&P/ASX All Ords Gold index rising 3% this morning.

What else is driving their shares higher?

In addition to the rising gold price, a broker note out of…

Click here to view the original article.

Continue Reading

You might also like ...

2 ASX shares rated as strong buys by brokers on Saturday 8 May 2021
Article feature image
Aussie rapper The Kid Laroi in Elon Musk tweet referencing cryptocurrency dogecoin –