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The Australian share market is likely to fall in morning trade after the price of gold suffered its worst single-day drop in five years.

Silver was also heavily sold-off, which led to its spot price plunging 8 per cent.

Meanwhile, solid earnings from Wall Street's major companies drove the Dow Jones index to its highest level ever. Follow live.

See how the trading day unfolds on our blog.

Disclaimer: this blog is not intended as investment advice.

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