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Australian shares edge higher on gold gains, energy firms cap upside

Australian shares inched up on Thursday, recovering from three sessions of losses, as steep losses in energy stocks capped gains in gold stocks, a day after GDP data reinforced Reserve Bank of Australia rate hike bets at this month’s meeting. The S&P/ASX 200 index was up 0.07% at 8,984.50, as of 0054 GMT.

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