S&P/ASX 200 dips as new COVID-19 cases in NSW continues to grow
Gold prices gained 0.1% to US$1,781.19 per ounce on Monday as tamer-than-expected U.S. inflation data allayed fears of an early monetary policy tightening by the US Federal Reserve.
The US Fed’s preferred inflation measure, the personal consumption expenditures price index, rose 3.4% from a year ago, in line with Wall Street estimates.
S&P/ASX 200 (INDEXASX:XJO) slipped 0.11% to 7,300 points by about 12.55 pm as NSW recorded 18 new Covid-19 cases in the 24 hours to 8 pm last night, bringing the total number of infections in the Bondi cluster to 130.