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Gold rebounded on Friday, rising as much as 3.1 per cent, as a wave of fiscal and monetary stimulus by global central banks to counter the economic impact from coronavirus spread halted investors lure for cash.

The Australian share market has finished its worst week since October 2008 with a modest daily gain.

PM Scott Morrison announces further restrictions on indoor gatherings. He also announced a delay to the federal budget. Australia has recorded its seventh COVID-19 death. WA has 12 new cases.

The federal government will pour an extra $444.6 million into aged care facilities, including money to help them hold onto staff amid the coronavirus crisis.

The underpayment of staff highlights the complexities of Australian labour laws.

Telstra has frozen its job cutting program for six months, suspended late payment fees and disconnections, and has invited stood-down Qantas employees to apply for 1,000 temporary jobs to help virus-proof the economy.

Big banks have led an almost three per cent surge in Australian shares after an overnight buying spree on US and European markets .

Chamber boss stares down virus with bold claim

Gold prices slipped more than 1 per cent on Thursday as the dollar jumped to multi-year highs, with the coronavirus pandemic threatening to cripple economic activity and prompting investors to sell assets to keep their money in cash.

Roger Cook confirms community transmission in WA. Prime Minister Scott Morrison has imposed a travel ban on all non-residents. Confirmed COVID-19 cases in Australia has reached 514.

The Australian stock market has shrugged off an emergency rate cut from the Reserve Bank, hitting a fresh four-year low in the process, while the Australian dollar has sunk to an 18-year low.

Nine Entertainment, BlueScope Steel and more companies have joined the flood of listed firms cancelling their earnings forecasts as coronavirus chaos spreads.

Investors in a buying mood have pushed the stock market up as they jump on banks stocks ahead of an expected Reserve Bank stimulus move.

Welfare wage to rescue jobless

Oil prices plunged overnight, with US crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is causing global fuel demand to collapse.

Investors have dumped gold in favour of cash after US stimulus measures failed to calm investors who are nervous about the impact of the coronavirus pandemic.

Australia's rollercoaster share market has plunged again on a raft of profit warnings, an unprecedented travel ban and cancelled flights.

Australia's rollercoaster share market has plunged more than four per cent amid a raft of profit warnings, an unprecedented travel ban and cancelled flights.

Iron ore’s $100bn export boom

Gold prices have jumped as a five-session decline in the bullion market led bargain hunters out in force, with Federal Reserve's announcement to boost lending soothing market fears over a crunch in liquidity.

The Australian share market has surged as investors snapped up blue-chip banks, supermarket, healthcare and mining stocks at bargain prices.

Australia's wild and unpredictable stock market has leapt more than one per cent as investors scrambled to snap up bank, supermarket and big mining stocks.

Up to 1.2m public staff could work from home

Oil prices fell below $US30 a barrel overnight as the worldwide coronavirus outbreak worsened over the weekend, exacerbating fears that government lockdowns to contain the spread of the disease would spark a global recession.

Platinum plunged nearly 27 per cent overnight to its weakest level since 2002, while gold dived over five per cent as investors unloaded precious metals in exchange for cash after a second emergency US rate cut failed to quell coronavirus fears across markets.

Australia's share market has suffered its worst points loss in history as the coronavirus epidemic worsens, with another $182 billion in value wiped from the books.

Business News has one aim, to provide Western Australians with vital intelligence.

Leederville-based jeweller Rohan Milne is championing affordability, accessibility and availability with his latest venture.

The Reserve Bank of Australia has pumped extra liquidity into the banking system, part of a package of measures aimed at ensuring business and households have access to credit as the coronavirus causes chaos in global financial markets.

Western Australian schools will introduce new precautionary measures, including cancelling assemblies and staggering recess and lunch breaks, to slow the spread of the coronavirus.

Australia's volatile share market has plunged more than six per cent after sentiment for equities suddenly soured despite rate cuts from the Federal Reserve and other central banks.

Oil prices on Friday posted their biggest week of losses since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply.