Australia stocks higher at close of trade; S&P/ASX 200 up 1.47%

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At the close in Sydney, the S&P/ASX 200 rose 1.47%.

The best performers of the session on the S&P/ASX 200 were Silver Lake Resources Ltd (ASX:SLR), which rose 6.70% or 0.120 points to trade at 1.910 at the close. Meanwhile, Saracen Mineral Holdings Ltd (ASX:SAR) added 6.11% or 0.29 points to end at 5.04 and Fortescue Metals Group Ltd (ASX:FMG) was up 5.85% or 1.370 points to 24.800 in late trade.

The worst performers of the session were Link Administration Holdings Ltd (ASX:LNK), which fell 13.51% or 0.75 points to trade at 4.80 at the close. Corporate Travel Managment Ltd (ASX:CTD) declined 2.11% or 0.37 points to end at 17.13 and Fletcher Building Ltd (ASX:FBU) was down 1.84% or 0.100 points to 5.340.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 875 to 481 and 310 ended unchanged.

Shares in Fortescue Metals Group Ltd (ASX:FMG) rose to all time highs; up 5.85% or 1.370 to 24.800.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 1.21% to 14.068.

Gold Futures for February delivery was up 1.77% or 33.55 to $1928.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.98% or 0.96 to hit $49.48 a barrel, while the March Brent oil contract rose 2.20% or 1.14 to trade at $52.94 a barrel.

AUD/USD was up 0.36% to 0.7732, while AUD/JPY rose 0.09% to 79.56.

The US Dollar Index Futures was down 0.36% at 89.573.