Market Wrap / Monday momentum

Another day, another tariff update, as US President Donald Trump paused duties on Chinese electronics imports for the next 90 days. 

The S&P/ ASX 200 gained 1.3% during Monday's trade to reach 7748.60 points with 10 out of 11 sectors closing in the green. 

The IT sector gained 2.6% with SiteMinder rising 9.7% following a month of losses. 

The banks and the miners also did some heavy-lifting. BHP advanced 2.7% as the iron ore price rallied to around US$100 this morning. Index heavyweight CBA rose 1.7%.

Gold miners benefited from a bullish sentiment as UBS analysts target an average price of US$3,500 an ounce for the precious metal in 2025, while Goldman Sachs's target was lifted to US$3,700.

In the healthcare sector, Neuren Pharmaceuticals leaped 21.1% as the US FDA gave the green light for it to advance its clinical trial.

And in the smaller end of town, defense contractor DroneShield was up 16.3% as it inked five Pacific military contracts worth a total of $32.2 million.

Tonight, global investors will keep an eye on consumer inflation data, offering a peek into the state of the US economy.