End-of-day summary:
New highs on Wall Street and a rebound in select commodity prices helped power the Australian share market to its strongest close in more than two weeks.
The ASX 200 rallied 53 points or 0.68% to 7822.
The Australian benchmark climbed to within 90 points of its old high, set in early April, after the S&P 500 and Nasdaq Composite hit fresh heights overnight. The S&P 500 put on 1.18% as this year's AI chip rally accelerated and traders increased bets on a September rate cut.
Gold miners set the pace here following a rebound in precious metals. Copper and oil also bounced. At the top end of the market, QBE, CSL, Commonwealth Bank and Macquarie Group were the standouts.
