ASX 200 Edges Lower as Gold Stocks Fall

Hannah Clarke

Australian stocks closed slightly lower on Tuesday, with declines in the Gold, Telecoms Services and Consumer Staples sectors weighing on the broader market.

The S&P/ASX 200 declined 0.04% at the close of trading in Sydney.

Top Performers on the S&P/ASX 200

Reliance Worldwide Corporation was the strongest performer on the index, rising 24.52% or 0.89 points to close at 4.50.

CSL gained 17.88% or 24.07 points to finish at 158.67, while Judo Capital Holdings increased 16.67% or 0.15 points to close at 1.07.

Worst Performers on the S&P/ASX 200

Sims Metal Management was the weakest performer, falling 10.92% or 2.82 points to close at 23.00.

Life360 declined 7.76% or 1.90 points to finish at 22.59, while Hub24 dropped 7.14% or 6.15 points to end at 80.04.

Market Overview and Commodities

Declining stocks outnumbered advancing stocks on the Sydney Stock Exchange, with 636 companies falling, 445 gaining and 392 ending unchanged.

The S&P/ASX 200 VIX, which measures implied volatility for ASX 200 options, fell 1.90% to 10.89.

Gold futures for December delivery declined 0.42% to $4,454.76 per troy ounce.

Crude oil futures for October delivery rose 1.07% to $84.64 per barrel, while Brent crude futures increased 0.89% to $91.68 per barrel.

The Australian dollar was little changed against the U.S. dollar, while AUD/JPY gained 0.07% to 113.38.

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