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The share market has closed higher with almost all sectors in positive territory ahead of the US central bank's interest rate decision.

The Australian share market has gotten off to a firm start following overnight gains on Wall Street, but investor mood remains cautious ahead of the US Federal Reserve decision on interest rates.

The Australian dollar is up slightly on the back of a weaker greenback and rally on Wall Street.

Oil prices edged off earlier gains to end Tuesday nearly unchanged, as the support from OPEC's plan to limit production were undercut by an energy watchdog's assessment of how much those nations are currently producing.

Gold edged lower on Tuesday, losing its luster as the US Federal Reserve began its two-day meeting during which it is expected to deliver the second U.S. interest rate hike in a decade and provide some insight into its outlook for 2017.

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The Australian share market has been dragged lower by heavy selloffs among the miners and banks.

The Australian share market has opened lower following a mixed overnight performance by global markets.

Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply.

Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply.

Gold prices sank to their lowest in more than 10 months on Monday, hit by expectations of an increase in US interest rates this week that have boosted US Treasury yields.

The Australian dollar is stronger against the US dollar following another rise in iron ore prices and the greenback's overall retreat.

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The Australian share market has surrendered most of its early gains to close almost flat in the wake of positive leads from US and European markets and the decision by global oil producers to limit production lifts the energy sector.

The Australian share market has opened higher following news of oil production cuts and positive leads from equity markets in the US and Europe.

The Australian dollar is trading slightly lower against its US counterpart, which has continued to gain against major currencies.

Gold edged lower on Friday and was headed for a fifth straight weekly decline, weighed down by a stronger U.S. dollar and expectations of a Federal Reserve rate hike next week.

Oil prices rose about one per cent on Friday on hopes that non-OPEC producers meeting in Vienna over the weekend would agree to output restrictions following limits OPEC announced last week to curb an oil glut.

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The share market has posted a fourth straight day of gains to hit its highest level since late August.

The Australian share market has kicked off flat on Friday after gaining 2.6 per cent over the past three trading sessions, despite record highs on Wall Street.

The Australian dollar has slipped against its US counterpart with the greenback rising after the European Central Bank extended its quantitative easing program by nine months.

Major US stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on.

Gold retreated into the red on Thursday after the dollar rebounded on the back of a decision by the European Central Bank to extend monthly asset purchases until next December albeit at a lower monthly level.

Oil rebounded from the week's lows to close above $US50 a barrel on Thursday, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production.

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Strong investor support for financial and mining stocks has driven a third straight day of gains and taken the market to a near four month high.

The Australian share market has opened broadly higher with banks and miners leading a year-end "Santa Claus rally".

Wall Street surged on Wednesday, with the S&P 500 and Dow hitting fresh record intraday highs, as equities continued their march upward after the presidential election of Donald Trump, even as his comments on prescription drug pricing wounded the healthcare sector.

The Australian dollar has strengthened against its US counterpart and is once again heading toward 75 US cents.

Oil prices eased overnight on bearish US petroleum inventory data and doubts that production cuts promised by OPEC and Russia would be deep enough to end a supply overhang that has weighed on markets for more than two years.