The Australian share market has finished higher for the day as gold rebounded after hitting an eight-month low, but local shares still lost ground for the week.<\/p>\n
The benchmark S&P\/ASX200 index rose 15.5 points, or 0.18 per cent, to 8,764.2 on Friday, while the broader All Ordinaries gained 12.6 points, or 0.14 per cent, to 8,964.2.<\/p>\n
The ASX200 dropped 0.7 per cent for the week, leaving it up just 0.6 per cent so far in 2026.<\/p>\n
The 10 biggest gainers in the ASX200 on Friday were all goldminers as the precious metal rose back above Thursday’s eight-month low of $US4,000 to change hands at $US4,047 an ounce.<\/p>\n
Gold is still down 12 per cent since the start of June, mostly due to increased expectations that the Federal Reserve will raise US interest rates later this year.<\/p>\n
Overall, seven of the ASX’s 11 sectors finished higher and four closed lower.<\/p>\n
Healthcare lost 1.3 per cent as CSL retreated 2.4 per cent to $114.87.<\/p>\n
Technology dropped 1.2 per cent following the weak lead from Wall Street, with NEXTDC falling 4.5 per cent and Megaport retreating 3.3 per cent.\u00a0<\/p>\n
The energy sector finished up 0.5 per cent as Brent crude changed hands for $US73.80 a barrel, up about $US1 from Thursday.<\/p>\n
In the financial sector, the big four banks had a relatively subdued day.<\/p>\n
The Australian dollar was trading at 68.97 US cents, from 68.91 US cents at 5pm on Thursday.<\/p>\n
In crypto, Bitcoin fell below $US60,000 for the first time since September 2024, its value having dropped by almost a third since the start of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"The Australian share market has finished higher for the day as gold rebounded after hitting an eight-month low,…\n","protected":false},"author":2,"featured_media":761271,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4764,64,63,99,44],"class_list":["post-761270","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-aap","tag-au","tag-australia","tag-business","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/761270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=761270"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/761270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/761271"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=761270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=761270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=761270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}