Neutral
ASX 200 rises 0.3% to 9,072.30, snapping six-day losing streak.
The S&P/ASX 200 index increased by 0.3% to 9,072.30, ending a six-day decline. This uptick was driven by gains in gold and mining stocks, while a central bank official's warning about potential interest rate hikes due to inflation risks added caution to the market.
Key points
- Gold and mining stocks led the market's advance.
- The Reserve Bank of Australia's Deputy Governor indicated potential rate hikes if inflation risks materialize.
- The S&P/ASX 200 index closed at 9,072.30, up 0.3%.
Sources
AI-generated from public news sources. Not financial advice.
