The Economic Times

Global Markets | Australian shares hit 3-week high, gold stocks rally on Iran conflict resolution hopes

Australian shares surged to a three-week peak on Wednesday. Gold miners led the gains as hopes of reduced Iran conflict boosted bullion prices. The benchmark S&P/ASX 200 index saw broad-based advances. Global markets recovered after March losses. Gold prices rallied, supporting Australian gold miners. The yellow metal reached its highest level since March 20.