Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Friday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.30% to 6,768.60
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.38% to 6,846.10
- AUD/USD at US 68 cents
- Gold at US$1,433.82 an ounce
- Brent Oil at US$62.00 a barrel
Indeed, it was a very strong day for gold miners as the trade war was ramped up yet again by US President Donald Trump. The Resolute Mining Limited (ASX: RSG) share price went up by 10.7% and the Newcrest Mining Limited (ASX: NCM) share price rose 7.2%.
The trade war is also hurting investor sentiment about Fortescue Metals Group Limited (ASX: FMG), its share price fell 6.1%.
Here are some of today’s top stories:
- Macquarie tips Xero share price to hit $76.50
- More royal commission woes is hurting the NAB share price
- 3 ASX shares rated as strong buys by brokers
- Top ASX Stock Picks for August
Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.
One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…
Another is a diversified conglomerate trading over 40% off it's high, all while offering a fully franked dividend yield over 3%...
Plus 3 more cheap bets that could position you to profit over the next 12 months!
See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.