The ASX 200 recovered from early losses to close slightly higher, extending a remarkable four-day rally. Gold miners led gains as prices rose for a third consecutive day, while energy stocks slumped on falling oil prices following US-Iran deal optimism. The Reserve Bank's unanimous decision to hold rates provided support, with markets now approaching key psychological levels.

Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explain what the numbers really mean.

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