Oil is down more than 1.5 per cent even after a surprise drawdown in US crude inventories, as traders remain cautious that OPEC would be able to cut production come late November.
Gold prices have fallen as investor appetite for riskier assets such as equities and crude oil have recovered slightly, denting demand for bullion, often considered a safe haven.
United front in war on populismTelstra chairman John Mullen has called for a unified approach by big business to defend against growing community hostilit
A combination of investor caution ahead of key local economic data and downward cues from Wall Street has pushed the Australian share market into the red in early trade.
Gold has risen to an almost-three-week high as the US dollar retreated from multi-month highs and physical demand rose before India's late-October festival season.
Oil prices have fallen more than one per cent with US crude settling below $US50 per barrel for the first time in a week ahead of data likely to show a build in domestic inventories.
US stocks slipped from two-week highs on Tuesday as results and forecasts from companies in sectors, including housing and consumer products, failed to live up to expectations.
The Australian share market has closed higher, led by the financial sector, as investors start to feel bullish ahead of earnings reports from three of the big four Australian banks.
Gold prices have slipped as the US dollar has strengthened to a fresh near nine-month high on growing speculation that the US Federal Reserve would lift its key interest rate in December.
Oil prices have dipped, with US crude briefly falling below $US50 per barrel, on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts.
Inflation rise could blindside investorsInvestors and households betting that official interest rates are still on a downward path could be blindsided by a potential rebou
Gold prices are little changed as a strong US dollar limited gains, but the precious metal notched its first weekly rise in four as seasonal demand from Asia kicked in.
Venezuelan President Nicolas Maduro has been quoted as saying that OPEC and non-OPEC nations are "very close" to an agreement on oil production curbs, Azerbaijan's state news agency Azertag reported.
Morrison targets cost of housingTreasurer Scott Morrison says property investors are not to blame for Australia’s housing affordability crisis, arguing that the government
US stocks ended a choppy session on Thursday with a slight decline as investors digested the latest round of earnings, with a sharp drop in telecoms offset by gains in healthcare.
The Australian dollar is markedly weaker against the US dollar in the wake of disappointing local employment numbers and as its US counterpart climbs on upbeat north American data.
Oil prices have fallen more than two per cent, as a resurgent US dollar encouraged players to take profit on the previous day's rally that sent US crude to 15-month highs.
Gold has eased slightly after three days of gains as the US dollar rose and the European Central Bank left interest rates unchanged, maintaining the parameters of its 1.74 trillion euros ($A2.49 trillion) asset buying program.
