Gold has held near its highest in a month in holiday-thinned trade, with a softer US dollar and a retreat in stock markets helping the metal cling on to the previous session's gains.
A slide in banking stocks has driven the Australian share market to its lowest level since March as investor nervousness about regulatory activity weighs on financial stocks.
The Australian dollar is a little higher against its US counterpart as the US dollar lifted amid better-than-expected American gross domestic product figures and rebounding oil prices.
Oil prices have rebounded, rising more than one per cent, but Brent crude ended the week nearly three per cent lower after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped.
Gold has risen to its highest in nearly four weeks as political uncertainty led investors to favour bullion over assets considered riskier such as stocks.
BHP, Rio face fresh tax threatIron ore giants BHP Billiton and Rio Tinto are facing a fresh tax grab in Western Australia just months after seeing off the WA Nationals’
The Australian market has settled lower in early trade as a slide in global oil prices overnight weighed on investor sentiment, sending the indices lower.
Oil prices have tumbled five per cent as the extension of output curbs by OPEC and other producing countries disappoints investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March.
Monopoly fears over shipyardsTaxpayers risk being exposed financially because of the Turnbull government’s policy of creating monopoly shipyards in Adelaide and Perth t
The share market has gained ground as strength in the mining and energy sectors outweighed falls by retailers, while the Australian dollar returned to a three week high.
The Australian dollar is sharply higher against its US counterpart, breaching above 75 US cents after the Federal Reserve's minutes ruffles investor sentiment and the greenback.
Oil prices have retreated slightly as investors reacted to a smaller-than-expected US petrol stocks draw as they awaited the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether to extend output cuts.
Gold prices have risen as the US dollar has slipped and minutes of the Federal Reserve's last policy meeting suggest the US central bank was cautious about raising interest rates.
Retail blow as Topshop goes underFashion chain Topshop Australia has collapsed after just six years, dealing a new blow to a hard-pressed retail sector already reeling
The Australian dollar is weaker as the first ratings downgrade on China by Moody's since 1989 renewed concerns about the economic strength of Australia's key trading partner.
Bankrupt former coal baron Nathan Tinkler and two of his closest business allies have been banned from managing a company for at least three years for their roles in the collapse of several businesses.
Programmed Maintenance Services has announced it has sold half of its marine services business to a Netherlands-headquartered company, on the same day it revealed a return to the black with a full-year net profit of $12.3 million.
The Australian dollar has fallen back against its US counterpart which has lifted against a basket of major currencies ahead of the release of the Federal Reserve's policy meeting minutes.
Gold prices have fallen, as the US dollar rebounded from 6-1/2-month lows and investors shrugged off heightened political risk following a deadly suicide attack in Britain.
Oil prices have settled a bit higher as expectations of an extension to OPEC-led supply cuts overshadowed a White House proposal to sell half of US petroleum reserves.
School groundswell growsThe fight to stop Perth Modern School being relocated to a high-rise building in Northbridge was stepped up yesterday when a 6000-signature peti
Gold has extended its biggest weekly gain in five weeks as the US dollar falls against the euro, while US political turmoil fuells demand for bullion as a safe-haven and reduces expectations of rapid Federal Reserve interest rate rises.
Court setback fails to kill Diploma rescue bidThe Di Latte family are pushing ahead with their proposed rescue of Diploma Group despite yesterday’s appointment of provisional liq
