MARKET CLOSE: NZ shares fall as simmering US-China tensions push gold to record

MARKET CLOSE: NZ shares fall as simmering US-China tensions push gold to record
Dan Brunskill
New Zealand shares had a soft start to the week as building tensions between the US and China stoked demand for defensive assets such as gold, which hit an all-time high.  The S&P/NZX 50 Index declined 50.64 points, or 0.4 percent, to 11,585.62. Within the index, 31 stocks fell, 12 rose, and seven were unchanged. Turnover was $121.1 million. Gold prices hit a record US$1,943.92 per ounce, and were recently at US$1,934/oz, as investors piled into the precious metal as the tit-for-tat consulate closures between the US and China last week ke...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024