Gold futures have ended lower, after two straight sessions of gains, as a US stronger dollar and the swift recovery saw some investors sell their holdings to lock in profits.
The central bank has kept the cash rate unchanged at a record low of 2.75 per cent at its July board meeting, with the outlook for the global economy looking a bit better.
The Australian share market has opened significantly higher as positive manufacturing data out of the United States and Europe improved investor confidence.
The Australian dollar has firmed as the gloomiest US manufacturing employment news since 2009 convinced traders the US Federal Reserve may delay winding back its stimulus measures.
US stocks have spent the day in positive territory on generally strong manufacturing data, although leading indices closed well below their intraday highs.
The deal-making environment in Western Australia is as challenging as ever, as the once-buoyant mining sector recalibrates to the so-called ‘new normal’, which appears to be the old normal as far a
US stocks closed mostly lower on Friday after a three-day rally, with shares of BlackBerry hammered as the struggling phone maker reported a surprise quarterly loss.
The Australian dollar has fallen close to 91 US cents after a member of the US Federal Reserve board of governors suggested American stimulus measures could be eased from September.
US stocks on Thursday closed solidly higher for a third straight day following positive economic data and comments from a top Federal Reserve official that the Fed would not hastily end its stimulu
The Australian dollar has lost some ground after weaker-than-expected US economic growth figures drove an earlier rally in the local currency overnight.
US stocks have surged after investors took a positive view of reduced growth estimates.The Dow Jones Industrial Average jumped 149.83 (1.02 per cent) to 14,910.14.
The Australian dollar is firmer after the People's Bank of China indicated it would move to prevent a credit crunch in the world's second largest economy.
The Australian dollar has held its own against a stronger greenback driven by positive data, after China's central bank moved to calm fears that its country faces a credit crisis.
US stocks have closed higher, helped by data showing more strength and confidence in the US economy and as worries eased over a credit crunch in China.
The Australian share market has opened slightly higher in defiance of declining Asian and US markets and concerns of a cash crunch in China after its worst growth reading in 13 years.
Gold, silver and platinum have slumped to multi-year lows as investors dump the precious metals on the belief that rising US interest rates and a cash crunch in China will limit demand.
US stocks have ended the day decisively lower on concerns about the Chinese economy but rallied well above their intraday lows as US Treasury yields retreated.
