ASX edges higher as investors await Trump speech
The Australian stock market edged higher as investors awaited a speech by President Donald Trump for clues about the end of the Iran conflict. The S&P/ASX200 gained 0.4 per cent, with gold miners leading the bourse higher due to increased bullion prices.
Australian shares rose on Thursday, driven by gains in the mining sector. The S&P/ASX200 index increased by 0.4 per cent. Gold miners such as Greatland Resources and Newmont led the gains, with rises of 4.6 per cent and 4.2 per cent respectively. In contrast, the energy sector fell 3.1 per cent, led by declines in Woodside and Santos. KMD Brands shares plummeted 57 per cent after resuming trading following an emergency capital raising. The market is awaiting Trump's speech for indications on the Iran conflict's resolution.
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