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Gold edged down overnight as stock markets recovered, the US dollar strengthened and traders locked in profits after bullion surged past $US1,500 to a more than six-year high in the previous session.

The Australian share market has risen for a second day as US-China trade tensions eased and Chinese trade data beat expectations.

The ACCC has instituted federal court proceedings against HealthEngine, accusing the WA-based health service of misleading and deceptive conduct.

Cullen Wines, Domaine Naturaliste and Stella Bella Wines were among the winners at last night's Halliday awards.

The Australian share market has opened lower as the heavyweight financial sector fell almost one per cent.

A vow to stay cutting edge

Oil prices tumbled nearly five per cent overnight after an unexpected build in US crude stockpiles and on fears of slowing demand but halved their losses in post-settlement trade on talk that Saudi Arabia was mulling options to halt crude's descent.

Gold soared more than two per cent overnight to breach the $US1,500 ceiling for the first time in more than six years as investors rushed to safe havens, spooked by a host of uncertainties including US-China trade and a slowing global economy.

The Australian share market has closed higher following two days of monster losses after being thrown a lifeline by central bankers across the Tasman.

The attributes needed to build a good working relationship are the same in school settings as they are in business, says Wesfarmers chairman Michael Chaney.

The Australian share market has moved modestly higher, led by consumer stocks, following two days of monster losses.

Fortescue finds port space for magnetite but impasse on royalties

Oil prices fell more than one per cent overnight, with Brent crude settling near seven-month lows below $US60 a barrel as trade tensions between the US and China intensified worries about weakening global demand.

Gold prices strengthened overnight, consolidating near the highest in more than six years as an intensifying US-China trade war threatened global economic growth.

Australia's share market has been hammered for a second straight day as it emerges as one of the biggest losers from the intensifying US-China trade war.

The Australian share market has plummeted nearly three per cent at the open following significant losses on Wall Street overnight.

BHP pegs Venus as nickel’s rising star

Global oil benchmark Brent futures fell more than 3.0 per cent overnight on global growth concerns after US President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world's two biggest buyers.

Gold surged 2.0 per cent overnight to its highest level in more than six years as a worsening US-China trade conflict prompted investors to dump riskier assets for safe havens, with a weaker US dollar supplying additional fuel for bullion's run.

The Australian share market has suffered its biggest loss since December 10, with every sector deep in the red after signs that China is striking back against the US in their escalating trade war.

Rio laments ‘lost decade in exploration’

Oil prices gained about 3.0 per cent on Friday a day after recording their biggest daily drop in several years on US President Donald Trump's vow to impose more tariffs on Chinese imports.

Gold steadied on Friday in seesaw trade as the US dollar retreated on lacklustre US jobs data, putting bullion on course to notch its best week in six weeks following a surge of more than 2.0 per cent in the previous session as US-China trade relations soured further.

US President Donald Trump has sent markets around the world into turmoil with tweets threatening to raise tariffs on China - although Australia's share market emerged less scathed than others, helped by a surge in gold stocks.

Around 38,000 homes in the western suburbs and Fremantle area have been left without power for hours, after a widespread outage hit much of the area this morning.

Australian bond yields suffered their biggest one day fall in more than three years, hitting fresh all-time lows as investors flocked to them on US President Donald Trump's threat to impose higher tariffs on China.

Retail recession causes $437m write-down of DJs

Oil prices plummeted more than seven per cent overnight, with the US benchmark posting its worst day in more than four years after President Donald Trump said he would impose additional tariffs Chinese imports starting on September 1.

Gold rose nearly two per cent overnight after US President Donald Trump said he would impose additional tariffs on Chinese imports, renewing trade tensions between the two countries and dragging the US dollar down from two-year highs, sending bond yields lower.

The Aussie dollar has sunk to its lowest level against its US counterpart in a decade, and the Australian sharemarket has also finished lower, after the US Federal Reserve said its interest rate cut is unlikely to be the first of many.

Roe 8 to roll without toll: Libs

Oil prices rose for a fifth day overnight following a larger-than-expected drop in US inventories and after the Federal Reserve cut US interest rates for the first time in more than a decade.