ASX Market Open: October’s gold, silver rally runs straight into brick wall | Oct 22
AppleApple(US:AAPL) The Market Online·2025-10-21 21:34

Market Overview - Australian shares are expected to open with a -0.55% dip as the rally in gold, silver, and platinum has lost momentum [1] - Gold's spot price experienced its worst single-day drop since 2013, indicating a challenging day for miners [2] - Silver and platinum prices are also declining, largely tracking the performance of gold [3] Company Insights - Newmont Corp (ASX:NEM) saw a significant drop of up to -9% in its New York listing, which may reflect a similar trend in Australian trading [5] - Other gold miners such as Evolution Mining (ASX:EVN) and Regis Resources (ASX:RRL) may face losses after previous gains [5] - APA Group (ASX:APA) is facing shareholder unrest regarding its gas transportation plans, with activist resolutions expected to be voted down [6] - Companies reporting today include Iluka (ASX:ILU), Mirvac (ASX:MGR), and Woodside (ASX:WDS) [6] Commodity Prices - The Australian dollar is trading at 64.8 U.S. cents [7] - Iron Ore prices increased by +0.5% to $104 per tonne [7] - Brent Crude oil rose by +1% to $61.62 per barrel [7] - Gold prices fell by as much as $200, now at $4,136 per ounce [7] - U.S. natural gas futures increased by +2.6% to $3.48 per gigajoule [7]