Newcrest bounces on Bernanke comments

Newcrest shares have lifted as the gold price jumps on Bernanke's comments overnight.

Newcrest Mining has jumped the most in almost five years amid a bounce in the gold price and news the embattled gold miner is to slash jobs.

The company's share price surged by 11% to $11.04 at 1315 AEST in the wake of Ben Bernanke's comments that the Federal Reserve would keep stimulating the economy into the medium term, which in turn lifted the gold price. 


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