Gold has surged to record highs, breaking out of its recent consolidation range.
Kamala “wins” the Presidential Debate
Investors eye next weeks Fed meeting
The Australian sharemarket’s push towards a record high was stalled this afternoon as losses in banking stocks offset strong gains in the energy and mining sectors. The benchmark S&P/ASX 200 rose 0.2% or 13 points to 8088.70 by 2 pm, having briefly touched 8135 earlier in the session, nearing its all-time high of 8148.7 set last month.
Investors continued to blindly buy Nvidia overnight, driving up the tech sector and shrugging off a hotter-than-anticipated producer price data as focus shifted to the widely expected Federal Reserve interest rate cut next week.
This website provides general advice that does not take into account your individual objectives, financial situation, or needs. Past performance does not guarantee future results. The trade recommendations in our Pilot Portfolios are hypothetical, may exclude certain fees, and are not a basis for future investment decisions. Please do not rely solely on this information. We recommend seeking appropriate financial, taxation, and legal advice before making any investment decisions. Please refer to our Financial Services Guide for more information about our services.