CAPITAL MARKETS

Markets, miners move higher

Wall Street hit record highs on Monday as US tax reforms look increasingly likely and with rising commodities prices, the optimism flowed down under with the S&P/ASX 200 rising to close at a nine-year high of 6071.8 points.

Staff reporter
 Gold equities among rising stocks

Gold equities among rising stocks

Four of the top five gainers on the S&P/ASX 200 today were mining stocks.

Rare earths producer Lynas Corp (AU:LYC) led the way with a 7.4% rise as it re-entered the index today in the December rebalance.

Graphite developer Syrah Resources (AU:SYR) rose and lithium miner Orocobre (AU:ORE) added to yesterday's gains, both rising more than 5%.

Gold miner Saracen Mineral Holdings (AU:SAR) was up a similar amount as the gold price improved to hold above US$1,262 an ounce on the spot market.

Among the gold majors, Barrick Gold (CN:ABX) had risen 1.65% in Toronto, Newmont Mining (US:NEM) closed up more than 2% in New York and Randgold Resources (LN:RRS) rose 1.9% in London.

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