SYDNEY — Shares of Minerals 260 climbed more than 7% on Friday, as a rally in gold prices lifted Australian gold developers and producers.

Minerals 260 shares were up 5.5 Australian cents, or 7.29%, at 81 cents in afternoon trading, after reaching a high of 81.5 cents. The stock traded as low as 77.5 cents earlier in the session. Heavy volume of more than 4.7 million shares changed hands. The company has a market value of about 2 billion dollars.

Gold futures rose about 2% overnight to around $4,190 an ounce, supported by a........

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