End of Day Report – Tuesday 7 October: ASX 200 closes down 25 points | Gold hits AU$6000

The ASX 200 slipped 25 points to 8957 (-0.3%) in a mixed session. Banks clawed back early losses, CBA unchanged and the Big Bank Basket at $287.46 (%). Financials were a little mixed, ASX fell 1.4% and CGF rose 2.4%. GQG fell 6.1% as tech rallied in the US. GQG is not a fan of AI strategy. Industrials eased, ALL down 1.3% and WES falling 1.3% with retailers under a little pressure. MYR unchanged as Lew moved to another 3% of the company. Tech slipping still, XRO down 0.2% and WTC falling 2.8%. The All-Tech Index down 0.7%. Healthcare fell back, SIG down 1.7% and RHC off 0.3%. Resources were mixed too. Gold miners seeing a pause in enthusiasm despite AUD gold prices above $6000. GGP rose 9.7% on a production update. EVN slipped 0.1% and NEM managed only a 0.4% rise. Lithium stocks better, PLS up 0.4% and LTR rising 1.6% with S32 doing well up 4.3% as the US government took a 10% equity position in its partner in Alaska. Uranium stocks pushed higher as oil and gas stocks fell, STO down 0.6% and KAR off 3.7%. Coal stocks lid, WHC down 2.7%.In corporate news, WEB had a trading update and gained 3.0%, SBM collapsed 11.0% as it raised fresh funds. DRO down 3.7% after it announced a new $13m R&D facility in Adelaide. RIO announced a $1.1bn iron ore mine expansion with its Japanese partners.  Nothing on the economic front. Asian markets better, Japan up 0.5%. HK down 0.7% with China closed.10-year yields ease to 4.38%Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.