The ASX rebounded on Thursday, with the S&P/ASX 200 up 0.3% to 8823.7 by 2pm AEDT, snapping a multi-day decline as stronger gold prices and gains in major miners lifted the market. Gold stocks rallied after bullion rose 1.2% overnight to hold above US$3970 an ounce. Newmont climbed 2.6%, Northern Star 2.9% and Evolution Mining 3%.

The Australian sharemarket declined on Wednesday, pressured by weakness in mining and technology stocks as investors reassessed the interest rate outlook. The S&P/ASX 200 fell 0.3% to 8790.1 by mid-afternoon, positioning the index for its sixth loss in seven sessions. Sentiment softened after RBA governor Michele Bullock cautioned that inflationary pressures may prove more persistent, reducing expectations for further rate cuts this cycle.

The Australian sharemarket edged lower on Monday as investors remained cautious ahead of the Reserve Bank of Australia’s policy meeting. The S&P/ASX 200 dipped 0.1%, or 5.2 points, to 8876.7 by 2pm AEDT, with eight of the 11 sectors trading in the red.

The ASX climbed on Friday afternoon, supported by gains in major banks and gold miners after bullion rebounded from a four-session slide. The S&P/ASX 200 rose 0.3% to 8914.9 at 2:12pm AEDT, with nine of 11 sectors advancing.

The Australian sharemarket edged lower on Thursday, extending the previous session’s steep sell-off as investors reassessed interest rate expectations. The S&P/ASX 200 dipped 0.2% to 8905.06 by 2:04pm AEDT, with six of 11 sectors in the red. Sentiment remained fragile after Australia’s hotter-than-expected inflation print on Wednesday and a cautious Federal Reserve tone overnight, which cooled hopes of further rate cuts this year.

The Australian sharemarket weakened on Wednesday after a stronger-than-expected inflation reading dented hopes of an imminent interest rate cut. The S&P/ASX 200 fell 0.9 per cent, or 81 points, to 8931.2 by mid-afternoon, with property, banks and healthcare weighing on the index.