The S&P/ASX 200 fell 0.2% to 8,976 on Monday, paring gains from last week, weighed down by sharp declines in the gold and other mining stocks. Gold stocks posted their steepest decline in a week, tumbling 5.2% and snapping a five-session winning streak, as a stronger US dollar and comments from President Donald Trump on the unsustainability of a ‘full-scale’ trade war with China reduced demand for safe-haven metals. Evolution Mining sank 5.4%, Northern Star Resources fell nearly 4%, and Newmont Corporation dropped close to 6%. Iron ore miners also underperformed amid falling underlying prices, with BHP Group losing 1.6%, Rio Tinto declining 0.8%, and Fortescue Metals falling 0.9%. On the monetary policy front, expectations of an imminent rate cut by the RBA have strengthened following a surprise uptick in the unemployment rate. Investors are now closely watching the upcoming flash PMI data and speeches from RBA officials later this week for further policy signals.

Octalas AI

الربح

الجميع يسارعون إلى خفض التكاليف. أما نحن، فنسرع نحو تحقيق الأرباح.

ابدأ البيع من خلال تقديم الخدمات

ابدأ الفترة التجريبية

مجانًا لمدة 14 يومًا · لا حاجة لبطاقة ائتمان