Australian shares edge higher as precious metals bounce
The S&P/ASX200 index finished up after end-of-the-week trading. -AAP Image
The Australian share market has edged higher as gold rebounded after hitting an eight-month low a day earlier.
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The benchmark S&P/ASX200 index on Friday rose 15.5 points, or 0.18 per cent, to 8,764.2, while the broader All Ordinaries gained 12.6 points, or 0.14 per cent, to 8,964.2.
For the week, the ASX200 dropped 0.7 per cent, leaving it up just 0.6 per cent so far in 2026.
The Australian dollar was trading for 68.97 US cents, from 68.91 US cents at 5pm on Thursday.
Bitcoin had fallen below $US60,000 for the first time since September 2024 amid fading enthusiasm for the original cryptocurrency.
BTC was changing hands for $US59,970, or about $A87,000 on Australian exchanges.
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