ASX’s Goldminers Shine as Yellow Metal Breaks Record

The local share market has climbed for a second day, with goldminers in particular posting solid gains as the yellow metal changed hands at its highest-ever level. The benchmark S&P/ASX200 index on Sep. 13 closed a whisker under 8,100, rising 24.2 points to a 10-day closing high of 8,099.9. For the day it was up 0.3 percent and for the week it gained 1.1 percent, more than making up for last week’s losses. The broader All Ordinaries on Sep. 13 rose 30.4 points, or 0.37 percent, to 8,323.5. Moomoo analyst Jessica Amir said Europe’s central bank had bought good weekend vibes to markets, with the European Central Bank cutting interest rates overnight for the second time in 2024. ...