Market Wrap / Glitter & Gold

The local market started the trading week on a positive note, with the S&P/ASX 200 ending 0.43% higher at 8,810.9 points. Gold miners rallied higher, with Genesis Minerals and Greatland Resources registering double-digit gains. Meanwhile, higher iron ore prices sent Rio Tinto 2.4% higher. The rally in resources did not flow through to financials; CBA shed 0.6%.The energy space was also lower, but Santos bucked the trend as it kicked off production at its Barossa LNG project. The company also renewed an environmental approval in Darwin. Shares rose 0.4%.Elsewhere, Reece propelled itself 14.2% higher thanks to a $250 million off-market share buyback.And while the healthcare space was in the green, Regis Healthcare slumped 27.1% as it flagged a government funding shortfall, creating funding gap for operations.Looking ahead, PMIs will be released tomorrow, with a lower figure expected locally.