Australian shares fall as gold drops to 8-month low

Australian shares ended the financial year lower, with losses in goldminers weighing on the market as gold fell to an eight-month low.

By AAP & CBA Newsroom

30 June 2026

Gold bullion

Key points

  • The ASX 200 finished June up 0.5%.
  • S&P/ASX 200 ▼ 44.7 points, or 0.51%
  • All Ordinaries ▼ 40.7 points, or 0.45%

The local share market has ended the financial year downbeat, 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%, to 8,778.7, while the broader All Ordinaries dropped 40.7 points, or 0.45%, to 8,986.2.

The ASX200 finished June up 0.5%, and rose 3.5% for the June quarter, leaving the index up 0.7% year-to-date. 

The Australian dollar was trading for 68.77 US cents, from 68.90 US cents at 5pm on Monday.

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