Market Close 06 Oct 25: Bitcoin and gold surge to record highs
Description
The Aussie market started the holiday-shortened week quietly, trading with lighter volumes but briefly topping 9,000 points for the first time in six weeks before easing in the afternoon. Gold miners stood out as the precious metal hit fresh record highs, while Bitcoin also surged to a new all-time high above $125,000. Gains came through from energy stocks after OPEC raised output by less than expected, and rare earths and copper miners rose on strong demand and supply concerns. Lynas jumped 7% to its highest level since 2011, while the Brisbane Broncos surged 27% following their premiership win.
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