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AAP
AAP
Business
Derek Rose

Aussie shares fall as gold drops to eight-month low

Gold United States Bianca De Marchi Reserve Bank
The gold price has been dropping as traders factor in an expected US rate rise later in 2026. (Mick Tsikas/AAP PHOTOS)

The local share market has ended the financial year with a whimper, ending on the lows of the day amid sharp losses for goldminers.

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.

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