All Ords index tops $3.2 trillion as shares beat record

Australia’s ASX has hit another record close, with gold stocks lifting the market as investors bet global energy disruptions may soon ease. The S&P/ASX200 rose 43.8 points, or 0.47%, to a record 9,271.6, after an intraday high of 9,296.7. The All Ordinaries gained 46.6 points, or 0.5%, to 9,452—pushing total value above $3.2 trillion. Oil prices held recent losses, while gold climbed as inflation fears softened following reports that Iran and Oman agreed a proposed Strait of Hormuz shipping route. The Aussie dollar was at 70.42 US cents.