Aussie shares fall as gold drops to eight-month low
The gold price has been dropping as traders factor in an expected US rate rise later in 2026. -AAP Image
The local share market has ended the financial year with a whimper, ending on the lows of the day amid sharp losses for goldminers.
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The benchmark S&P/ASX200 index closed Tuesday down 44.7 points, or 0.51 per cent, to 8,778.7, while the broader All Ordinaries dropped 40.7 points, or 0.45 per cent, to 8,986.2.
The ASX200 finished June up 0.5 per cent, and rose 3.5 per cent for the June quarter, leaving the index up 0.7 per cent year-to-date.Â
The Australian dollar was trading for 68.77 US cents, from 68.90 US cents at 5pm on Monday.
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