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Commonwealth Bank of Australia shares have gone into a trading halt as the lender completes a retail bookbuild for the remainder of its capital raising.
The Australian share market has opened lower as investors shaken by recent volatility sit on the sidelines ahead of the US central bank's interest rate decision.
Gold has risen from four-week lows as European stocks snapped a three-day run of gains, but traders remain cautious as they await fresh clues on the timing of a US rate rise.
US stocks have finished sharply lower as a morning rally fizzled and Apple shares dropped after unveiling a suite of upgraded smartphone, tablet and television products.
Gold has fallen to a four-week low as stock markets strengthened and the US dollar firmed, though prices remained hemmed into a narrow range ahead of next week's Federal Reserve meeting.
The number of home loans approved in July was unchanged in Western Australia, while the national rate rose 0.3 per cent according to seasonally adjusted Australian Bureau of Statistics data.
Australians should look beyond their disappointment with recent sluggish economic growth and take heart from the economy's ability to cope with shocks, Reserve Bank of Australia deputy governor Philip Lowe says.
The Australian dollar has slipped a little lower following a night where trading volumes were low because US markets were closed for the Labor Day public holiday.
Gold has eased back towards its lowest since mid-August as stock markets firmed and the US dollar steadied, and after US payrolls data failed to provide clarity on the timing of a Federal Reserve rate rise.