The benchmark S & P / ASX 200 index rose 1.5% to 6,684.20 points at the end of the transaction, the highest day since November 24th.
Gold inventories drove the rise across subsectors, rising by more than 5%, as bullion prices reached eight-week highs in the face of a global COVID-19 surge and more severe coronavirus outlook did.
Heavyweight Evolution Mining, New Crest Mining, and Northern Star Resources increased by 3% to 4%.
Miners recorded a 2.7% rise as iron ore prices surged more than 3% towards the New Year, supported by tight supply and strong demand.
Fortescue Metals Group increased 4.8% to a record high. Rio tinto I also added 1.3%.
However, after US-based SS & C Technology Holdings shelved an A $ 3.02 billion ($ 2.32 billion) takeover offer, business support service provider Link Administration’s stake plummeted by about 14%.
new Zealand The market was closed due to a holiday.
Australian stocks got off to a solid start year after year as miners shined
https://economictimes.indiatimes.com/markets/stocks/news/australia-shares-post-solid-start-to-year-as-miners-shine/articleshow/80094339.cms Australian stocks got off to a solid start year after year as miners shined