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Australian shares trade cautiously, gold jumps to 9-year high over China tensions – ABC News
Australian investors are trading cautiously as Victoria’s COVID-19 cases continue to surge, while diplomatic tensions with China weigh on market sentiment.
Australian shares have risen slightly in early trade, with Victoria’s continuing surge in COVID-19 cases and diplomatic tensions with China weighing on sentiment.
By 12:30pm AEST, the benchmark ASX 200 index was up 0.1 per cent to 6,024 points, after a brief dip into negative territory.
The Australian dollar has risen (+0.3pc) to 71.2 US cents.
Some of the best-performing stocks were rare earths miner Lynas Corporation (+9.2pc) and several gold miners like Perseus Mining (+6.7pc), Saracen Min…
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