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Australia stocks higher at close of trade; S&P/ASX 200 up 0.86% – Australia stocks were higher after the close on Tuesday, as gains in the Metals & MiningResources and Materials sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 gained 0.86% to hit a new 1-month high.

The best performers of the session on the S&P/ASX 200 were BHP Billiton Ltd (ASX:BHP), which rose 5.10% or 2.37 points to trade at 48.82 at the close. Meanwhile, Mineral Resources Ltd (ASX:MIN) added 4.85% or 2.27 points to end at 49.09 and Pilbara Minerals Ltd (ASX:PLS) was up 4.53% or 0.13 points to 3.00 in late trade.

The worst performers of the session were Atlas Arteria (ASX:ALX), which fell 5.31% or 0.37 points to trade at 6.60 at the close. Zip Co Ltd (ASX:Z1P) declined 4.08% or 0.07 points to end at 1.53 and Magellan Financial Group Ltd (ASX:MFG) was down 3.78% or 0.57 points to 14.49.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 770 to 579 and 447 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 4.13% to 15.85.

Gold Futures for April delivery was up 0.26% or 5.00 to $1,934.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.71% or 1.88 to hit $111.85 a barrel, while the May Brent oil contract rose 1.79% or 2.07 to trade at $117.69 a barrel.

AUD/USD was unchanged 0.18% to 0.74, while AUD/JPY rose 0.64% to 88.97.

The US Dollar Index Futures was up 0.37% at 98.86.

An investor stands in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, June 27, 2016. REUTERS/David Gray

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