Australian shares traded lower at midday, with the S&P/ASX 200 down 0.34 per cent, to 8,864.10 at 12.35pm AEST. Materials weighed on the market as copper and gold prices retreated, while Brent crude slipped below US$88 a barrel after the US and Iran signalled a willingness to pursue talks, easing concerns over Middle East energy supplies. Mining stocks led the declines, with BHP, Rio Tinto and gold producers weaker, while utilities also lost gro…
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