Business
ASX stumbles, dipping 0.4pc as gold drifts lower – The Australian Financial Review
The Australian sharemarket closed lower on Tuesday despite a strong start to the day’s trading, with investor sentiment waning throughout the session.
A $US1 trillion coronavirus relief bill was rolled out by US Senate Republicans on Monday however Democrats have criticised the proposal as offering too little aid.
Adding to the woes on the local market was the weekly payroll figures that showed the impact of the second wave of COVID-19 lockdowns on the Victorian economy, with the state’s recovery severely lagging the rest of the country.
The price of gold surged early on in the session, hitting a record high of $US1981.26 an ounce through th…
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