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ASX limps to fourth straight monthly gain – The Australian Financial Review

The worst day for shares in more than a month was not enough to hold back the Australian sharemarket’s winning streak which stands unbroken since exiting bear market territory.

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The major iron ore miners were among the market’s best performers last month, with the price of iron ore rising 12 per cent through July to trade above $US100 a tonne.
Fortescue Metals Group advanced 25.7 per cent to $17.41, Rio Tinto firmed 4.1 per cent to $102.00 and BHP Group rose 2.6 per cent to $36.75. Mineral Resources added 21.6 per cent to $25.74.
But on Friday, BHP fell 2.9 per cent to $36.75 and Rio Tinto lost 2.4 per cent to $61.04.
The surging gold price also supported the major g…

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