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gold miners

Westpac’s $7 Billion Windfall Ignites ASX Rally Despite Mining Slump – Nov 3, 2025

ASX Today: S&P/ASX 200 edges up 0.3% to 8,828 as gold miners shine; James Hardie halted, NAB slips — 6 Nov 2025

Australian shares eked out gains on Thursday, led by miners and gold names, while a trading pause and sharp fall in James Hardie grabbed headlines. Here’s what moved the market and why. Market close at a glance What drove today’s move Australian equities took a modest lead from overnight gains on Wall Street and firm precious‑metals prices, while local bank earnings and a high‑profile building materials stock dominated single‑name news. The RBA’s decision on Tuesday to leave the cash rate unchanged at 3.60%, alongside a cautious inflation outlook, also framed today’s tone. Reuters+1 Sector snapshot Iron ore sentiment was mixed:
6 November 2025
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