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ASX biggest fall in months as gold, silver dive

Feb 02, 2026 (The Australian Financial Review - ABIX via COMTEX) --

The Australian sharemarket retreated on Monday, with the S&P/ASX 200 shedding one per cent to close at 8,778.6 points. A further downturn in the price of gold and silver weighed on the mining sector, with Northern Star Resources down 8.1 per cent at $26.60 and Sun Silver ending the session 12.2 per cent lower at $1.98. GrainCorp was down 14 per cent at $6.19 and KMD Brand finished 5.4 per cent lower at $0.227, but the Commonwealth Bank rose 1.4 per cent to $151.48..

Publication Date: 3 February 2026

STANDARD AND POOR'S ASX 200 INDEX
NORTHERN STAR RESOURCES LIMITED - ASX NST
SUN SILVER LIMITED - ASX SS1
GRAINCORP LIMITED - ASX GNC
KMD BRANDS LIMITED - ASX KMD
COMMONWEALTH BANK OF AUSTRALIA - ASX CBA
comtex tracking

COMTEX_472799220/2229/2026-02-02T16:02:10

By Matt Bell

Copyright 2026 Roy Morgan Research. All Rights Reserved.

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