Local shares continued to rise today, boosted by comments from the US Federal Reserve overnight which suggested near-term risks facing the economy had diminished. Shares in the resources sector, especially gold, were particularly strong.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.3% to 5556 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.4% to 5636 points
  • AUD/USD at US 75.24 cents
  • Iron Ore at US$58.63 a tonne, according to the Metal Bulletin
  • Gold at US$1,338.93 an ounce
  • Brent oil at US$43.57 a barrel

Gold prices rallied overnight. Newcrest Mining Limited (ASX: NCM) soared 4.9%, St Barbara Ltd (ASX: SBM) gained 7%, as did Northern Star Resources Ltd (ASX: NST).

BHP Billiton Limited (ASX: BHP) rose 0.6% as well, despite its update regarding 2015’s fatal Samarco incident.

Fortescue Metals Group Limited (ASX: FMG) gained another 4.8% as well, while Rio Tinto Limited (ASX: RIO) rose 2.1%.

The banks produced mixed returns for the day, but Wesfarmers Ltd (ASX: WES) managed to rise 0.8%.

Shares of Bellamy’s Australia Ltd (ASX: BAL) were on fire as well, lifting 5.2%. Yowie Group Ltd (ASX: YOW) recovered 4.4% as well, but Origin Energy Ltd (ASX: ORG) dropped 2.2%.

Here are Thursday’s top stories:

  1. Why you should take another look at shares of Blackmores Limited
  2. Up 60% in two days: Is Bradken Limited still a buy?
  3. Samarco disaster could still sink the BHP Billiton Limited share price
  4. Gold stocks are going nuts again
  5. 4 stocks to buy and hold for the next decade
  6. Here’s why Touchcorp Ltd has gone gangbusters in July

How 1 Man Made 100x His Money After 50

Few know, that as Warren Buffett blew out the candles on his 50th birthday cake, he had just 1% of his current fortune. Think about it: At an age when most give up hope, Buffett was just getting started on the remaining 99% of his fortune. Goes to show you that it's never too late for you to potentially get rich. Which is why we've gathered the strategies we learned from Buffett, distilled them down to 11 simple lessons, and put it in an exclusive report for you to claim. Just click here to learn more about this handy investing guide.

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool contributor Ryan Newman owns shares of Bellamy's Australia. The Motley Fool Australia owns shares of Bellamy's Australia and TOUCHCORP FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.