ASX Climbs on Bank, Gold Miner Gains
The Australian sharemarket opened higher, driven by gains in major banks and gold miners.
This followed a rally in precious metals after a period of declining commodity prices.
The benchmark S&P/ASX 200 Index increased by 0.6 per cent, or 51.5 points, reaching 8937 at the start of trading, with eight out of eleven sectors showing positive movement.
The materials sector experienced growth, mirroring the rising gold price which rebounded after a 5 per cent drop over the previous four sessions.
Gold saw a surge of up to 2.5 per cent as investors assessed the outcomes of a meeting between US President Donald Trump and Chinese leader Xi Jinping.
Author's summary: ASX rises driven by banks and gold miners.
More News
- Sharks Locker Room: Best 2-Week Stretch of Hockey in Years?
- Samsung taps Nvidia GPUs for AI factory
- Slot sack? Grave timescale put on Liverpool dismissal as pundit names dream successor | TEAMtalk
- ‘Tyrant’ teaser hints at Charlize Theron’s boldest role yet in Amazon’s intense thriller
- NYT Mini crossword answers, hints for October 31, 2025
- Best gaming monitor deal: Save $500 on Samsung 57-inch Odyssey Neo G9
- NYT Mini crossword answers, hints for October 31, 2025
- MEG Delays Vote on $5.4B Oil Takeover Yet Again
- Bitches in Stitches: Northern Quarter's new all-female comedy shows - Mancunian Matters