At the core of AAP Newswire is our unbiased, 24/7 breaking newswire that feeds the latest news from Australia and the world. Supported by over 200 journalists, AAP Newswire provides the news that matters.
Gold has risen back towards $1,260 an ounce, coming within a hair of a 13-month high as the US dollar heads toward its biggest one-day tumble in a month after US data fuelled worries over Friday's US payrolls data.
Energy and bank stocks have led Wall Street higher, adding to a rally in the previous session, after strong jobs data dispelled concerns over the health of the US economy.
The Australian share market has opened higher off the back of a strong performance on Wall Street overnight.The Dow Jones rose 2.11 per cent and the S&P 500 surged 2.39 per cent.
Wall Street has enjoyed its strongest session in a month, led by financial and technology stocks after encouraging US factory and construction data suggested the world's biggest economy was regaining momentum.
Gold has turned lower, as the US dollar and global equity markets rose on better-than-expected US data, fueling speculation the Fed will raise US interest rates.
BHP Billiton says it is not keen on boosting iron ore supplies in a weak market, signalling a change in its long-held position, as it shifts focus to maintaining financial discipline.
The Australian share market has turned higher in early trade after a weak lead from Wall Street with resource and energy stocks rallying on a rise in oil prices.
Gold has risen one per cent, boosted by lower equities and weak US data, leaving the metal well placed to log its best monthly performance in four years as turmoil in wider markets increases its safe-haven appeal.
Australia's largest payday lender, Perth-based Cash Converters International, has returned to the black and begun scaling back its troubled business in Britain.
Gold has fallen more than one per cent, as the US dollar and global shares rose, but fund buying persisted as investors expected a G20 summit would produce little in the way of a co-ordinated stimulus program.