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Miners offset Trump rate worries on ASX

Nov 07, 2024 (The Australian Financial Review - ABIX via COMTEX) --

The Australian sharemarket posted a modest gain on Thursday, with the S&P/ASX 200 adding 0.3 per cent to close at 8,226.3 points. Local investors were more cautious than their counterparts in the US, where the Dow Jones, S&P 500 and Nasdaq indices reached new highs in the wake of Donald Trump's presidential election win. However, a sharp fall in the gold price weighed on the shares of local producers. Iron ore and energy stocks also performed well, although the property sector was sold down..

Publication Date: 8 November 2024

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COMTEX_459580511/2229/2024-11-07T18:36:45

By Cecile Lefort

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