Australian Shares Kick Off the Week Higher
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Australian shares rose on Monday, with the S&P/ASX 200 up 0.7% to 8,682, driven by gains in materials and energy stocks. Mining companies like BHP Group, Rio Tinto, and Fortescue saw significant increases, while gold stocks such as Newmont Corporation also performed well. The rally was supported by rising commodity prices amid expectations of US interest rate cuts and geopolitical tensions. Investors are awaiting the Reserve Bank of Australia's meeting minutes for insights into future policy and inflation.
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