The Australian dollar gold price set a record high of $3150 an ounce on Monday as investors bought the precious metal to hedge against the risk of an expanding war in the Middle East.
Shares fell to their lowest level in a year as the S&P/ASX 200 dropped 0.8 per cent to 6844.1 points.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
