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Australian shares rise as banks, gold miners rally ahead of RBA decision
Australian shares inched higher on Monday, supported by banks and gold miners, as investors awaited a central bank policy meeting this week that is widely expected to deliver an interest rate hike. The S&P/ASX 200 index was up 0.2% at 8,683.5 points, as of 0011 GMT. The benchmark closed 0.4% lower on Friday. Attention is now fixed on the Reserve Bank of Australia’s (RBA) policy meeting on Tuesday, with markets pricing in a fourth rate hike as persistent inflation pressures outweigh mixed labour data that did little to alter expectations last week for further tightening. Investors will focu...
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