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Fresh record for Australian equities market, gold price

The S&P/ASX200 hit a record high intraday of 6,863 points, beating its high of 6851.5 reached in 2007 prior to the global financial crisis.
Fresh record for Australian equities market, gold price Fresh record for Australian equities market, gold price Fresh record for Australian equities market, gold price Fresh record for Australian equities market, gold price Fresh record for Australian equities market, gold price

Australian gold miners, ASX200 rise

Staff reporter

Gold miners Resolute Mining (ASX: RSG) and Northern Star Resources (ASX: NST) were among the biggest risers on the index in afternoon trade, up 3.5% and 2.5% respectively, on strong quarterly results and a record local gold price.

Spot gold was worth about US$1,425 an ounce and the Australian dollar gold price has reached an all-time high, above A$2,068/oz according to the Perth Mint.

Canadian gold stocks also gained yesterday, with Detour Gold (TSX: DGC) and Kirkland Lake Gold (TSX: KL) both rising about 3%, with the country's gold price also near a record high in local terms.

Copper and nickel closed higher on the London Metal Exchange as markets await the outcome of US-China trade talks underway today.

Diversified major BHP (ASX: BHP) had gained 0.6% at the time of writing.

The US Federal Reserve is also set to announce its interest rate decision later this week and is widely expected to announce a cut.