Miner and gold stocks drag Australian shares lower

From brecorder.com

Australian shares slipped on Tuesday hurt by the losses in miners and gold stocks on weak commodity prices, while investors absorbed the possibility of interest rates to remain higher for longer. The S&P/ASX 200 index fell 0.5% to 7039.7 by 0040 GMT. The benchmark rose 0.1% on Monday. Markets assessed a slew of central bank decisions, with the U.S Federal Reserve striking a hawkish tone signalling that interest rates could raise further and would stay higher for longer than investors had expected. Miners declined 1% on weak iron ore prices, as traders were worried about weaker-than-expected steel consumption ... (full story)