{
  "id": 10386232,
  "title": "Australian shares rise as banks, gold miners rally ahead of RBA decision",
  "url": "https://urgent.news/2026/09/28/australian-shares-rise-as-banks-gold-miners-rally-ahead-of-rba",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-28T06:42:11.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40441576/australian-shares-rise-as-banks-gold-miners-rally-ahead-of-rba-decision"
  },
  "original_language": "en",
  "account": "Australian shares experienced a slight gain on Monday, buoyed by the performance of banks and gold miners, as investors prepared for the Reserve Bank of Australia's (RBA) policy meeting later in the week. The S&P/ASX 200 index rose by 0.2% to 8,683.5 points, marking a minor improvement from the 0.4% decline it saw on Friday. The focus now shifts to the RBA's meeting on Tuesday, where markets anticipate a fourth interest rate hike due to ongoing inflation concerns overshadowing mixed employment data that did not significantly impact expectations for additional rate hikes in September. While investors will closely monitor the decision, they will pay more attention to the central bank's outlook for future policy actions. Additionally, markets will keep an eye on Australia's inflation data released on Wednesday, following July's core inflation figures surpassing projections. Financial institutions gained 0.4% on the day, with National Australia Bank, Westpac, and ANZ Group posting gains between 0.4% and 0.6%. Gold stocks saw a significant boost, with Northern Star Resources jumping more than 10% to a one-month high after rejecting a substantial buyout offer from South Africa's Gold Fields. Mining stocks increased by 0.2%, while technology shares climbed 0.4%, mirroring gains in their global counterparts. Conversely, energy stocks declined 0.7%, and the consumer staples sector faced a notable decline of around 1%, positioning itself for its most substantial drop since mid-September. In corporate developments, Ingenia Communities surged 7.1% as the property firm mulls a potential A$2.14 billion takeover bid from US-based private equity firm Warburg Pincus following earlier rejections of two approaches. The stock was among the top gainers in the benchmark index. Meanwhile, New Zealand's S&P/NZX 50 index advanced 0.4% to 13,861.58 points.",
  "summary": "Australian shares inched higher on Monday , supported by banks and gold miners, as investors awaited a central bank policy meeting this week that is widely expected to deliver an interest rate hike. The S&P/ASX 200 index was up 0.2% at 8,683.5 points, as of 0011 GMT. The benchmark closed 0.4% lower on Friday. Attention is now fixed on the Reserve Bank of Australia’s (RBA) policy meeting on…",
  "key_points": [
    "Australian shares rise 0.2% to 8,683.5 points ahead of RBA decision",
    "Banks and gold miners rally, with NAB, Westpac, and ANZ gaining 0.4%-0.6%",
    "Markets focus on RBA's outlook for future policy actions and Wednesday's inflation data"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}