Business
ASX to rise, Dow retakes 27,000, gold extends rally – The Australian Financial Review
Australian shares are positioned to open higher, bolstered by gains on Wall Street and in gold, oil and iron ore.
Commodities were a bright spot yet again with gold extending its rise above $US2000 an ounce with a further 1% rise. Brent crude was 2% higher, rising above $US45 a barrel for the first time since March. The spot price of iron ore, as quoted by Fastmarkets MB, retook the $US118 a tonne mark.
The US listed shares of both BHP and Rio Tinto were smartly higher, up 3.4% and 4.4% respectively. They each rallied earlier in London too.
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