Oil futures were mostly steady overnight as price support from a larger-than-expected decline in US crude inventories was countered by a lull in equities.
Gold prices climbed overnight after the US Federal Reserve signalled interest rate cuts were possible later this year as it responded to increased economic uncertainty and tepid inflation.
Perth's inferiority complex is holding it back from potential growth and development, as it is viewed to be as appealing as Australia's largest cities, a new report has found.
The Australian share market has surged by more than a percentage point to hit another 11-year high amid indications Chinese-US trade tensions could be easing.
Oil prices rose more than $US1 a barrel overnight after news that China and the United States were resuming trade talks ahead of a meeting at the G20 summit later this month, spurring hopes that the two countries would resolve an ongoing trade conflict.
Gold prices pared gains overnight after US President Donald Trump confirmed he would meet with Chinese President Xi Jinping at an international summit, fanning hopes for a quick end to the US-China trade dispute.
The Australian share market has closed broadly higher following the release of board meeting minutes indicating the Reserve Bank is likely to cut interest rates again in the months ahead.
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.
