Australia stocks lower at close of trade; S&P/ASX 200 down 0.88%

Australia's stock market closed lower on Tuesday, with the S&P/ASX 200 losing 0.88% to reach its lowest level in three months. The most significant declines were seen in the Gold, Metals & Mining, and Resources sectors, contributing to the overall drop in shares. Telix Pharmaceuticals Ltd emerged as the top performer, surging 8.32% to reach a 52-week high of 17.70 points.

Other notable gainers included Life360 Inc and Perpetual Ltd, both climbing by 5.22% and 4.15% respectively. However, the worst performers were Summerset Group Holdings Ltd, Austal Ltd, and Metrics Master Income Trust Unit, which all fell by more than 5%. On the Sydney Stock Exchange, 664 stocks fell while 403 rose, and 393 closed unchanged.

The S&P/ASX 200 VIX, indicating volatility in options, rose by 2.00% to 14.33. Gold Futures for December delivery dropped 0.51% to $4,329.65 per troy ounce, while crude oil for October delivery increased by 1.88% to $103.30 a barrel, and the November Brent oil contract rose by 1.80% to $107.58 a barrel. Currency pairs, including AUD/USD and AUD/JPY, remained relatively stable. The US Dollar Index Futures also showed a modest gain of 0.28% at 99.38.