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ASX:BHP 17 January 2026 - 1 February 2026

ASX slides as Trump Greenland tariff threat sparks ‘sell America’ trade — gold hits record

ASX slides as Trump Greenland tariff threat sparks ‘sell America’ trade — gold hits record

Australian shares slipped on Wednesday, though the drop was milder than futures had predicted as miners benefited from a record gold price. By 10:30 a.m. AEDT, the S&P/ASX 200 was down 0.4% at 8,779. Tech, banks, and industrials lagged, while materials and energy sectors gained ground. Spot gold hovered near $4,762 an ounce, Brent crude around $64 a barrel, and the Australian dollar stayed close to 67.3 U.S. cents.
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