Gold pips record as trade jitters drag on local stocks
The Australian Stock Exchange has closed lower as trade jitters drag local stocks. -AAP Image
Australia's share market has slipped lower despite a fresh record for gold after US President Donald Trump threatened to impose tariffs on European nations for not bowing to his ambitions for Greenland.
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The S&P/ASX200 fell 29.2 points on Monday, down 0.33 per cent, to 8,874.7, as the broader All Ordinaries lost 31.6 points, or 0.34 per cent, to 9,195.1.
Safe-haven buying helped drive gold to a new peak of $US4,690.80 ($A7,009.30) an ounce, buoying ASX-listed miners in a mostly grim day elsewhere.
The Australian dollar is buying 66.92 US cents, down from 67.02 US cents on Friday at 5pm.
