australian market wrap

There were two places to hide from the carnage. Gold on a flight to safety and copper on a flight to anything BHP might write a cheque for!

The ASX 200 finished just 0.5 points lower at 7,683, but this was around 44 points below the session's early high. The cause? An ugly CPI!

Not one, but two potential major takeover rumours did the rounds today as Aussie stocks bounced back, well except for gold stocks, that is.

A nice bounce as investors factored out a range of outcomes worse than whatever's actually happened since Israel's missile strike on Iran.

Winners today were rare, but were mostly concentrated in the Gold sector as investors diverted more capital to risk-averse assets like Gold.

Most of the ASX200's gain came from heavyweights Resources and Financials but gold and metals stocks featured highly in the best performers.

Aussie shares dipped into the red by the close but there were several bright spots including critical minerals and gold stocks.

It was a tough day at the office, or home, or park, or coffee shop, or gym. Basically, wherever you decided to check your portfolio today...

The losses were pervasive. For every stock up, there were four down. We're also threatening to close below a key technical level of support.

Gold stocks were strong all week – no surprise given the gold price is hovering at record highs. Today they were joined by uranium stocks.