Live: ASX to open higher as price of gold surges
The Aussie share market is set to open higher in morning trading after mixed results on Wall Street. The price of gold has surged above 4 per cent. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
The Australian share market began the trading day on a high note as the price of gold surged by more than 4 percent. The ASX 200 index opened higher and closed the day up by 0.33%, reaching a level of 9,083.80. The All Ords finished the session with a 0.47% increase, climbing to 9,298.50 and surpassing its 20-day moving average.
Payments app Zip Co Ltd experienced the strongest performance on the market, climbing by more than 18%. Infrastructure company Downer EDI and health care firm Sonic Healthcare Ltd were among the weakest performers, both dropping about 10%. Health care and energy sectors contributed positively to the share market's overall performance. Financials and utilities, on the other hand, were among the bottom movers.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
