Australian shares edge higher; gold gains offset energy losses
Australia’s S&P/ASX 200 rose 0.07% to 8,984.50 as gold stocks gained while steep energy-stock losses limited upside after prior GDP data reinforced Reserve Bank of Australia rate-hike bets.
Australian shares inched up on Thursday, recovering from three sessions of losses, as steep losses in energy stocks capped gains in gold stocks, a day after GDP data reinforced Reserve Bank of Australia rate hike bets at this month's meeting.The S&P/ASX 200 index ASX:XJO was up 0.07% at 8,984.50, a…