BUZZ-Australian miners hit record high on strong commodity prices
Reuters
Yesterday
BUZZ-Australian miners hit record high on strong commodity prices
** Shares of Australian miners .AXMM rise as much as 1.6% to hit a record high
** The sub-index tracks copper prices, which gained as demand optimism outweighed concerns over stocks piling up MET/L
** Mining giant BHP Group BHP.AX rises as much as 0.5%, touching a record high while iron ore miner Rio TintoRIO.AX gains more than 2%
** Gold prices rise after the U.S. and Israel launched major strikes on Iran, escalating geopolitical tensions and deepening global economic uncertainty GOL/
** AXMM up over 21% so far this year, eyes sixth consecutive session of gains
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))
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