Aust stocks rally 1.3% on Bernanke

Miners surge on rising metal prices to lead market higher, investors embrace US Fed chairman's dovish rhetoric.

Investors embraced Ben Bernanke's comments that the world's biggest economy would continue to need stimulus, sending the Australian stock market 1.3% higher as miners surged on rising metal prices.  

Investors appeared unfazed by the lack of clarity in the latest US Federal Reserve meeting minutes, released just before a speech by the chairman, on a timeframe to wind back aggressive stimulus measures. 

At the 1615 AEST official market close, the benchmark S&P/ASX200 index added 1.31% to 4,965.7 points, while the broader All Ordinaries index increased by 1.26% to 4,946.9 points.

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