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Australian All Ordinaries Index Closes Higher Wednesday

The Australian share market, including the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and All Ordinaries (INDEXASX:XAO)(ASX:XAO), closed firmly higher on Wednesday.

The Australian share market, including the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and All Ordinaries (INDEXASX: XAO)(ASX: XAO) closed firmly higher on Wednesday.

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An overnight rally in commodity prices appears to have pushed shares in the ASX’s largest mining and resources businesses higher today.

Gold prices rose for the eighth day in a row overnight, providing a boost to the shiny metal. It now trades at $US 1,319 per ounce, according to Commsec.

The recent rise in gold coincides with a fall in the popular online cryptocurrency, Bitcoin. Bitcoin has fallen steeply in recent weeks after trading at more than $US20,000 in December.  

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Rask Invest Research Team

The Rask Invest research team produces daily ASX news and research on ASX-listed companies and funds. Join the conversation inside the free investor community. Click here to have your say.
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