Market Close 12 Jan 26: ASX climbs as US rallies and commodities support

The ASX200 lifted about half of one percent in afternoon trade today, with the market up roughly three‑quarters of one percent at its peak. US equities posted a 1.8 % YTD gain and new‑record highs, while gold miners such as Newmont and Remelius rose over five percent on firm metal prices. Consumer discretionary led sector gains, up more than two percent, as the market looks ahead to February’s Australian earnings reports and the US inflation releases and earnings season that could shape momentum.

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