Oil has fallen more than one per cent on on profit-taking as the market eyed signs of rising US production, though prices remained close to recent two-year highs thanks to last week's decision by OPEC and other producers to extend output cuts.
Gold prices have fallen toward the four-week lows hit last week as the US dollar has strengthened after the US Senate approved a major tax overhaul and the market looked ahead to a meeting of the Federal Reserve later this month.
The Australian dollar is back above 76 US cents after news that former Trump security adviser Michael Flynn had pleaded guilty and was prepared to testify against the US president regarding Russian involvement in the presidential election dented market sentiment.
Gold has jumped as the dollar and US stocks fell on an ABC news report that former national security adviser Michael Flynn was prepared to tell investigators that Donald Trump directed him to make contact with Russians during last year's presidential election campaign.
The opposition parties in Perth and Canberra are kicking the can down the road on debt, despite the parlous state of their respective budgetary positions.
Lord Mayor Lisa Scaffidi has won her court appeal against 26 adverse State Administrative Tribunal findings that she breached her gift disclosure obligations and remains hopeful of returning to the post once the matter is resolved.
Gold has dropped one per cent as upbeat sentiment on equities and positive US growth data dented the appeal of the safe-haven asset, though the metal was still stuck in its narrowest monthly range in 12 years.
The Chamber of Commerce and Industry WA has criticised the state government’s crackdown on payroll tax exemption for employees earning more than $100,000 announced today.
The Australian dollar is lower still against a weaker US counterpart which lost gains made after Federal Reserve chair Janet Yellen spoke of continued US economic expansion and GDP was revised higher.
Gold prices have fallen, as global stocks hover near record highs making the safe-haven asset less attractive, and upbeat US growth data prompt an earlier rise in the US dollar and US Treasury yields.
Oil prices have dipped in a volatile session buffeted by conflicting statements from oil ministers a day ahead of OPEC's meeting in Vienna, as members debate the path for an extension of the group's supply-cut agreement.
A new report has challenged the accepted wisdom that Western Australia has a boom-bust economy that rises and falls on the back of the resources sector.
Embattled MP Barry Urban has quit the WA Labor Party amid a scandal over the legitimacy of his CV, but still wants to represent the Darling Range community.
The state government has moved to terminate a state agreement with Mitsubishi Corporation and Buru Energy that was enacted in 2013 when there were high hopes that fracking in the Kimberley’s Canning Basin would lead to development of major onshore gas projects.
Treasurer Ben Wyatt says the state government will drop its proposal for a gold royalty hike after a revised plan was blocked in the Legislative Council last night.
The Australian dollar has fallen against its US counterpart which rebounded overnight following a mix of positive data and a confirmation hearing for US Federal Reserve chair nominee, Jerome Powell.
Oil prices have eased, weighed down by uncertainty over the outcome of an OPEC meeting this week at which an extension to its price-supporting oil output cuts will be discussed.
The Australian dollar is hardly changed against its US counterpart which again fell in the offshore session as traders braced for the resumption of deliberations on the US tax plan and the confirmation hearing for Federal Reserve governor Jerome Powell as the central bank's next chair.
Oil prices have fallen one per cent with US crude easing from two-year highs on prospects of higher supply, and uncertainty about Russia's resolve to join in extending output cuts ahead of this week's OPEC meeting.
Gold prices have lifted, buoyed by a weaker US dollar, as investors look ahead to congressional testimony by the nominee to chair the US Federal Reserve and a meeting between US president Donald Trump and Senate Republicans on tax reform.
The Australian dollar is unchanged against its US counterpart, which was fallen to a two-month low as investors grow optimistic about the strength of the euro zone's recovery and lose their appetite for the greenback.
US oil prices have hit their highest levels in more than two years on Friday after the continued shutdown of a pipeline running from Canada to the United States was expected to reduce supply into a major storage facility.
Gold prices have dipped as some investors lock in profits at the end of the week, and risk appetite strengthened, but expectations hovered that gold prices could move higher next week.
Environment Minister Stephen Dawson has endorsed the environmental watchdog’s rejection of Mineral Resources’ Jackson 5 and Bungalbin East iron ore project, however, the government is yet to make a final decision on the proposal.
US crude has hit a two-year high in thin trade as the shutdown of a major crude pipeline from Canada and a draw on fuel inventories pointed to a tightening market, despite rising output from US producers.
The Australian dollar is higher against its US counterpart which has sustained further losses as investors trim bets on the outlook for US interest rate rises in 2018.
