Gold prices slipped further overnight after sliding from a more-than-14-month high the previous session on upbeat US economic data that dampened expectations the Federal Reserve could ease interest rates.
Oil rose about one per cent on Friday after attacks on two tankers in the Gulf of Oman last week raised concerns about potential supply disruptions but prices remained on track for a weekly loss on fears that trade disputes will dent global oil demand.
Seven West Media has been booted from the S&P/ASX 200 Index, while local shipbuilder Austal will join the benchmark, following the quarterly rebalancing of the Australian share market indices.
Oil prices settled 2.2 per cent higher overnight after attacks on two tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.
Gold prices climbed to a week's high overnight, supported by expectations for an interest rate cut by the US Federal Reserve following soft inflation data although an uptick in equities capped gains.
Oil prices tumbled 4 per cent overnight to their lowest settlements in nearly five months, weakened by another unexpected rise in US crude stockpiles and by a dimming outlook for global oil demand.
Gold prices gained momentum overnight as the US dollar dipped on speculation about the US central bank cutting interest rates this year amid global economic growth concerns.
The Australian Securities and Investment Commission has begun civil proceedings against Perth-based RM Capital, alleging that an authorised representative for the firm was engaged in conflicted remuneration.
Premier Mark McGowan announced this morning that South Metropolitan TAFE will begin offering automation courses from semester two, 2019, the first of such nationally recognised qualifications available in Australia.
The Tax Practitioners Board (TFB) announced this morning that it had terminated the tax agent registration of Peter Moltoni, following an investigation into the Perth accountant’s ties to a shell company in the British Virgin Islands.
Oil prices were steady overnight, weighed by concerns about a global economic slowdown that could dent crude demand but supported by expectations that OPEC and its allies will extend their supply curbs.
Gold prices dipped slightly overnight as investors booked profits following robust gains over the past weeks while rising hopes of a trade deal between China and the United States lifted equities.
Oil prices fell more than one per cent overnight as US-China trade tensions continued to threaten demand for crude and as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal.
Gold prices dropped more than one per cent overnight, slipping from a 14-month peak, after US President Donald Trump's decision not to impose trade tariffs on Mexico spurred risk sentiment and lifted the US dollar from recent lows.
