The ASX200 closed up 0.36% at 8,408 points.

Markets continue to adjust to the new Trump administration, and the Aussie bourse has responded to a better-than-expected tariff outcome by climbing higher for the third consecutive week.

Gold continues to defy gravity and has leapt to a near-three-month high of $US2,772 per ounce. The yellow metal has soared around 2.7% this week.

Discretionary was the top performing sector, up 2.1%, followed by Health Care, up 0.7%, and Staples, up 0.6%. Energy was the worst performer, down 1.1%, followed by IT, down 0.34%.

In the Green

Genesis Energy (ASX:GNE) closed up 5.1% after a trading update revealed a 4.7% increase in customers over the prior period.

Genesis Energy finished at $2.06.

IGO (ASX:IGO) closed up 0.77% this afternoon after an update on the Kwinana Lithium Hydroxide Refinery. All partners in the refinery have agreed to cease works at the Lithium Hydroxide Plant 2 at Kwinana.

IGO wrapped up at $5.25.

Wesfarmers (ASX:WES) closed up 3.2% on the back of a broker note out of Goldman Sachs today. The broker has upgraded the conglomerate to a buy rating with an improved price target of $78.70.

Wesfarmers closed at $74.66.

In the Red

Larvotto Resources (ASXLRV) closed down 7.4% after changes to its leadership team aimed at supporting growth at its Hillgrove Antimony-Gold project.

Larvotto Resources closed at 62 cents.

Kogan (ASX:KGN) closed down 15.2% after its latest trading update badly missed market expectations. Citi analyst James Wang says the update revealed a 7% to consensus expectations at the adjusted earnings level.

Kogan closed at $5.07.

Maximus Resources (ASX:MXR)  closed down 1.6% after assay results from drill results expanded the resource potential with multiple shallow high-grade intersections.

Maximus Resources closed at 6.2 cents.