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Job advertisements have risen for the ninth month in a row, but ANZ Banking Group still expects the Reserve Bank of Australia to cut interest rates at its next meeting.
Gold has fallen nearly three per cent to a three-month low after stronger-than-expected US non-farm payrolls fuelled expectation the Federal Reserve will raise rates sooner rather than later, and the US dollar jumped to an 11-and-a-half-year high.
The Australian share market has closed slightly lower after weaker iron ore prices weighed on the resources sector and investors await the release of jobs data in the US.
Gold has eased, changing direction and falling below $US1,200 an ounce as short-covering dried up after buoying prices following the European Central Bank's (ECB) announcement that it will lift its 2016 inflation forecast.
The Australian dollar has dropped back below 78 US cents following a surge in the greenback and suggestions that the Reserve Bank is willing and able to cut rates again.
The battle for sponsorship support at Sculpture by the Sea has continued for another year, after iron ore magnate Gina Rinehart chose not to continue her financial backing for the exhibition on Cottesloe Beach, preferring to support two sporting groups.
A major report on Australia's ageing population says growth and prosperity will suffer unless more older people and women are encouraged into the workforce and government spending is brought under control, but Treasurer Joe Hockey insists the best years are ahead of us.
Economic growth figures released today have vindicated the Reserve Bank of Australia's decision to cut interest rates in February and to leave more cuts on the agenda.
Australia must not let anger undermine its relationship with Indonesia if Andrew Chan and Myuran Sukumaran are executed, Prime Minister Tony Abbott says.
Gold is down a shade, following a brief bout of selling in choppy dealings after the metal had recovered from early losses that pulled it below $US1,200 an ounce.