Aussie shares clinch second record despite pared gains
By Adrian Black
Australian shares have traded at record highs for a second day as miners rally. -AAP Image
Australia's share market has set a second record high in as many days as gold stocks rally on hopes global energy supply disruptions will soon end.
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The S&P/ASX200 gained 43.8 points on Thursday, up 0.47 per cent to a record close of 9,271.6, after easing from a new intraday best of 9,296.7.
The broader All Ordinaries rose 46.6 points, or 0.5 per cent, to a highest-ever 9,452, pushing its combined market value above $3.2 trillion.
Oil prices clung to recent losses while gold surged as inflation fears softened on reports Iran and Oman had agreed to a proposed Strait of Hormuz shipping route and the US touted an imminent peace deal.
The Australian dollar is buying 70.47 US cents, down slightly from 70.49 US cents on Wednesday at 5pm.
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