The share market finished 1% higher today, buoyed by surging resource stocks which rallied after the price of gold broke through $US1000 per ounce overnight.
The All Ordinaries index is up 1.40% or 72 points at 5,288.
The ASX 200 added 71 points to 5206.
Australia’s third largest gold miner, Lihir Gold gained 2.70% to $4.18,
Iron ore explorer Midwest Corporation rose by more that 31 per cent to $5.44, after Chinese company Sinosteel launched a takeover bid.
Big miners were also up, BHP Billiton up $1.42 to $37.80, and Rio Tinto was up $5.84 to $130.34.
The big banks were mixed, with Commonwealth Bank down 11 cents to $39.39 and ANZ lost 9 cents to $21.38, while Westpac rose 17 cents to $22.81 and NAB added 22 cents to $27.49.
In New Zealand, the benchmark NZ50 finished 73 points or 2% down at 3500.
