ASX Preview: Australian Shares to Fall as Gold Slides, Oil Surge; New Hope Fiscal 2026 Earnings, Revenue Down
Australian shares are poised to fall on Tuesday, tracking overnight weakness in global markets as gold prices slid to a more than one-month low on expectations of higher US interest rates, while surging oil prices added to inflation concerns.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.5%, 0.6%, and 0.3%, respectively.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence rose 2 points to 73.9 in the week of Sept. 7 to Sept. 13, ANZ reported Tuesday.In corporate news, New Hope (ASX:NHC) reported Tuesday fiscal 2026 earnings of AU$0.19 per share on revenue of AU$1.77 billion, compared with earnings of AU$0.50 on revenue of AU$1.78 billion a year earlier.Netwealth Group (ASX:NWL) agreed to acquire 100% of Australian artificial intelligence-enabled adviser workflow and advice automation provider Scale Up Platform Solutions, trading as Paradino, for upfront consideration of AU$20 million.Australia's benchmark index was little changed to close at 8,749.90 on Monday.