AAP Finance

Australian shares higher as gold hits all-time high

Gold bars (file image)
The price of gold has hit a record high because of the geopolitical risk of a Mideast war. -AAP Image

The Australian share market has edged higher in its third straight day of gains, with losses by CSL and Seek outweighed by gains from the big banks and retailers. 

Goldminers did particularly well after the precious metal hit an all-time high amid growing fears of war between Iran and Israel, with lithium companies losing ground.

At closing bell the benchmark S&P/ASX200 index finished Tuesday up 13.1 points, or 0.17 per cent, to 7,826.8, while the broader All Ordinaries gained 13.7 points, or 0.17 per cent, to 8,042.2.

The Australian dollar was buying 65.92 US cents, from 65.84 US cents at Monday's ASX close.

Australian Associated Press