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Australian shares climb as banks, gold stocks shine
Australian shares climbed on Friday as gains in banks and gold stocks outweighed losses in miners, while risk appetite improved after US President Donald Trump pledged to halt attacks on Iran ahead of November’s midterm elections. The S&P/ASX 200 index rose 0.5% to 8,699.80 points by 2340 GMT after a 0.8% fall on Thursday. The index has gained 0.2% so far this week. Hopes of a de-escalation in the Middle East conflict grew after Trump said the United States had held productive talks with Iran. Still, gains were capped as investors remained wary of elevated oil prices and Australian governm...
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