ASX Preview: Australian Shares Set to Fall Amid Year-End Slowdown; Gold, Silver Miners' Stocks in Focus as Prices Hit Record Highs

MT Newswires Live2025-12-29

Australian shares are poised to fall on Monday as year-end trading slows, after US stocks showed little movement and Asian futures pointed lower despite record-setting rallies in global equities and precious metals.

On Dec. 26, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.03%, 0.1%, and 0.04%, respectively.

In the macroeconomy, the final S&P Global Manufacturing Purchasing Managers' Index report is scheduled for release on Friday.

In corporate news, Newmont (ASX:NEM), Northern Star Resources (ASX:NST), and Evolution Mining (ASX:EVN) are in focus as bullion hits record highs due to safe-haven demand.

Andean Silver (ASX:ASL) and Sun Silver (ASX:SS1) are also drawing attention as silver prices surge to record levels amid a market deficit.

Australia's benchmark index fell 0.4% or 33 points to close at 8,762.70 on Dec. 24.

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