AAP

The Australian share market is higher following an impressive commodities-driven lift on international markets overnight and mixed earnings results.

The Australian dollar has hit a two-month high following a strong bounce back in commodity prices.

Gold prices have slipped as much as two per cent as the US dollar strengthened and investor appetite for risk increased, but the metal remained above $US1,200 an ounce after a rally that pushed prices to one-year highs in February.

Global stocks have rallied, backed by a rise in oil and commodity prices, while the British pound suffered its biggest one-day loss in nearly six years against the US dollar on fears Britain would leave the European Union.

The Australian share market has closed nearly 1 per cent higher, boosted by bargain hunters, stronger regional markets, a lift in the iron ore price and some encouraging corporate earnings reports.

Newcrest Mining will pay $36 million to settle a class action launched by shareholders who claimed the gold miner had misled them.

The Australian stock has opened marginally higher following a flat performance on Wall Street.

The Australian dollar is higher against the greenback, which sagged despite better-than-expected economic data.

Gold has eased as investors cashed in some of the previous day's two per cent gains, though expectations that rock-bottom interest rates would persist served to keep prices above $US1,225 an ounce.

Mineral sands miner Iluka Resources has swung back to profit but says market conditions for its products remain subdued.

The share market ended the week with a fall, weighed down by weakness in the energy, mining and banking sectors.

Profit has soared at Australia's biggest private health insurer Medibank Private, thanks to premium rises and a crackdown on improper health insurance claims.

Energy giant Santos says it can withstand a prolonged slump in oil prices despite taking an eye watering $2.7 billion full-year loss due to $2.8 billion in write-downs.

The Australian share market has slipped at midday with key bank, mining and energy stocks leading the march downwards.

Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lacklustre earnings report and oil prices pulled back.

The Australian dollar has fallen as oil prices ease.

Gold prices have risen just over two per cent, reversing earlier losses and lifting silver, as US equities resumed their downward spiral, renewing bullion's safe-haven appeal that has spurred the market's biggest rally in years.

Australian shares have enjoyed their strongest gains in three months as the resources sector rallied on a rebound in oil prices.

Evolution Mining expects to benefit from higher gold prices and renewed interest in the sector despite swinging to a $15.5 million half-year loss.

January brought a major reduction in the Western Australian unemployment rate, down 0.4 points to 5.9 per cent in seasonally adjusted terms, according to the Australian Bureau of Statistics, with a record number of women in jobs.

A surge in oil prices overnight has filtered through to gains on the Australian share market.

Telstra is on track to hit its annual financial guidance despite the telecommunications giant posting a flat first half net profit amid intense competition.

US stocks tallied their third straight session of gains on Wednesday, led by energy shares as oil prices jumped, while better-than-expected economic data helped allay growth fears.

The Australian dollar is stronger with the greenback falling amid news the US Federal Reserve has been concerned about global uncertainty and market volatility hitting the American economy.

Gold has held on to earlier gains and snapped three days of losses, after minutes of the US Federal Reserve's latest meeting showed policymakers considered changing their planned path of interest rate hikes in 2016.

The Australian share market has finished 0.5 per cent lower, dragged down by energy stocks hit by falling oil prices.

Energy giant Woodside Petroleum has reported a sharp fall in profit on the back of writedowns and says now is not the time to be reckless as it mulls over the future of its key Browse project.

Kerry Stokes' Seven West Media expects a 10 per cent fall in full-year earnings as advertising markets in both TV and print show no signs of growth.

The Australian share market has opened slightly lower despite a positive finish on the US market overnight.

The Australian dollar has fallen as the US dollar rises with equities and oil prices.

Global equity markets rallied on Tuesday as investors engaged in bargain hunting and shrugged off a downturn in oil prices after hopes for an agreement among top producers to freeze output faded.

Gold has fallen for the third straight session, as global equity markets and the US dollar rose, depressing interest in gold as a safe-haven asset and taking it further below last week's one-year high.