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ASX 200 trims gains; Why this top fund manager is backing gold

Collins St Asset Management says a valuation gap with gold miners is set to close rapidly, potentially within months. Also today: EY prepares to announce layoffs. RBNZ holds rates. Dubber sacks CEO. 

Inflation and rates updates overseas are keeping investors on the sidelines for much of this week. Picture: Gaye Gerard
Inflation and rates updates overseas are keeping investors on the sidelines for much of this week. Picture: Gaye Gerard

Welcome to the Trading Day blog for Wednesday, April 10. The ASX 200 index closed 0.3 per cent higher at 7848.5 points. Collins St Asset Management says a valuation gap with gold miners is set to close rapidly, potentially within months. 

The Aussie dollar is trading around US66.22c.

Originally published as ASX 200 trims gains; Why this top fund manager is backing gold

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Original URL: https://www.thechronicle.com.au/business/asx-200-to-rise-wall-st-flat-ahead-of-inflation-report-as-bostic-tips-one-rate-cut-nz-rate-call/live-coverage/535fff15ca21c682b6275f6f58ced1b4