ASX Today: XJO edges up despite oil surge; RBA holds steady

The ASX 200 managed a modest Tuesday gain, rising 0.3%, even as Brent crude pushed toward $90 a barrel. The Reserve Bank kept rates on hold, matching market expectations.

Life 360 tumbled 15% despite beating Q2 EBITDA estimates by 53%. Investors focused on management's cautious outlook rather than the beat. The stock's slide erased weeks of gains.

Austal surged 15% after South Korea's Hanwha agreed to buy its US shipbuilding division for $1 billion. The deal follows Hanwha's failed takeover of the Australian parent and its 9.9% stake acquired last year.

Gold held above $4,400 an ounce, extending its winning streak. Copper added 0.6% overnight. Westpac continued its slide alongside peers, while CBA traded flat.

Woodside jumped 3% as oil prices climbed. The energy sector provided the day's main support. The RBA's steady hand and earnings season distractions helped the market look past geopolitical concerns.