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ASX edges higher as record gold price boosts miners – The Australian Financial Review
Australian shares closed higher on Monday, defying another record rise in COVID-19 case, with shares in the gold miners providing the biggest boost.
In addition to a falling US dollar, the negative outlook for the inflation-adjusted return on US bonds helped gold reach its highest price on record.
Gold touched $US1945 an ounce on the spot market in afternoon trade.
Gold companies led the market higher, with Newcrest Mining adding 4.9 per cent to $36.31, Saracen Minerals rising 5.2 per cent to $6.48 and Evolution Mining rising 3.1 per cent to $6.
Amid the record prices, St Barbara said it will spend about $C60 million ($63 million) to buy …
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