ALL ORDINARIES Index (XJO) Down, Gold Miners Jump

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 1.60% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.60% at lunch.

The major cause of this decline has been a further ramping up of the trade war tariffs. As a result, the share prices of gold miners are glittering, such as Resolute Mining Limited (ASX: RSG) which is up 14% and Saracen Mineral Holdings Limited (ASX: SAR) has gone up 13.5%.

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It has been a painful day for the shareholders of Boral Limited (ASX: BLD), its share price has dropped 17.5% after it reported its result to the market.

The IOOF Holdings Limited (ASX: IFL) share price is fallen 9% as investors reacted to the FY19 result.

Shares of Fortescue Metals Group Limited (ASX: FMG) have fallen more than 4% despite its very impressive FY19 report.

The share price of G8 Education Ltd (ASX: GEM) has declined by 15.3% with investors not happy with what it revealed today in its report.

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