Local shares started the day on the back foot but managed to recover their losses as the day wore on. The main bourse ended the day slightly higher.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.2% to 5424 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.2% to 5521 points
  • AUD/USD at US 76.73 cents
  • Iron Ore at US$59.16 a tonne, according to the Metal Bulletin
  • Gold at US$1,350.99 an ounce
  • Brent oil at US$47.50 a barrel

The gold miners were among the top performing shares on the market today after the spot gold price surged above US$1,350 an ounce.

Silver Lake Resources Limited. (ASX: SLR) gained 10.3%. Beadell Resources Ltd (ASX: BDR) soared 11.7%. EVOLUTION FPO (ASX: EVN) gained 7.6%. And Northern Star Resources Ltd (ASX: NST) rose 8.1%.

Westpac Banking Corp (ASX: WBC) also rose strongly, gaining 1.6%, with Commonwealth Bank of Australia (ASX: CBA) up 1.1% as well.

Meanwhile, Liquefied Natural Gas Ltd (ASX: LNG) shares soared 11.8%, with aged care operators Estia Health Ltd (ASX: EHE) and Japara Healthcare Ltd (ASX: JHC) recovering another 9.9% and 4.9%, respectively.

JB Hi-Fi Limited (ASX: JBH) shares also hit a new all-time high on continued speculation it will acquire The Good Guys business. Its shares rose 1% for the day.

Rio Tinto Limited (ASX: RIO) didn’t fare so well. Its shares fell 0.8%, while Mesoblast limited (ASX: MSB) and Medibank Private Ltd (ASX: MPL) lost 3.7% and 3%.

Here are Wednesday’s top stories:

  1. Motley Fool Pro is now open. Please RSVP
  2. Newcrest Mining Limited shares jump higher, is it a buy?
  3. 3 ASX stocks to buy now to get rich later
  4. Is the Aussie food boom over?
  5. Why I think Ramsay Health Care Limited shares could be a sell
  6. The Estia Health Ltd share price soars again
  7. Gold stocks soar as chances of US rate rise sink

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.