The Australian share market finished session lower on Monday, 11 January 2021, snapping two straight days of gains, amid worries about the rising coronavirus cases in New South Wales. At closing bell, the benchmark S&P/ASX200 fell 60.71 points, or 0.9%, to 6,697.16. The broader All Ordinaries shed 64.70 points, or 0.92%, to 6,959.54.
Shares of gold miners extended losses after gold prices settled at their lowest since mid-December on Friday. Hopes of fiscal support, along with prospects for a smooth transition of power in Washington, have taken the shine off safe-haven assets such as gold. Evolution Mining lost more than 5% and Newcrest Mining was lower by more than 4%.