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ASX sets 14-day high after surge in iron ore price – NEWS.com.au

ASX sets 14-day high after surge in iron ore price

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A surge in iron ore prices provided a sugar hit to the Australian sharemarket, which set a fresh 14-month high in early trade on Monday.The benchmark S&P/ASX 200 index jumped 1.3 per cent, or 92 points, to 7172.8, while the All Ordinaries ended the session up 1.3 per cent, or 94.6 points, to an index position of 7419.8.
The Australian dollar was fetching a 78.6 US cents and the spot gold dollar value was $US1838.05 an ounce.
A surge in the price of iron ore to a record $US212 a tonne bolstered investor…

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