End-of-day summary:
The share market closed at a new high as records for Commonwealth Bank and gold helped offset the drain of upcoming dividend payments.
The ASX 200 pushed past last week's closing peak of 7745.6 with a rise of 30 points or 0.39% to 7763.7. CBA broke new ground with a gain of 0.79%. Perseus, West African Resources and Newmont were among beneficiaries of gold's fourth straight record finish overnight.
Woodside Energy, BHP and Rio Tinto dragged as their shares traded without the right to the next dividend. Telstra, CSL and Helia Group also weighed.
Wall Street laid the groundwork for today's advance with its first rally in three sessions. The S&P 500 put on 0.51% after US central bank chief Jerome Powell said he expected rate cuts later this year if the economy continued on its current path.
