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Gold has fallen to its lowest level in three weeks as equities rose and the US dollar hit a four-month high following strong US economic data, which raised expectations the Federal Reserve may raise interest rates before the end of the year.

Oil prices have risen as much as one per cent, lifting US crude from two-month lows, after the US government reported a ninth straight week of crude inventory draws, easing some concerns in a market worried about a glut.

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The Australian share market has closed higher after Tuesday's release of the minutes of the Reserve Bank of Australia's last board meeting boosted investors' expectations of an interest rate cut in August.

The Australian share market is broadly flat with gains in financial and consumer focused companies offset by resource groups.

Oil prices have fallen as much one per cent for a second day in a row as a rallying US dollar and a global fuel glut offset forecasts for lower US crude stockpiles that typically would have been bullish for the market.

Gold has cut some earlier gains, as the US dollar hit a four-month high after data showed a surge in US housing starts in June, although weaker equities provided support.

The Australian dollar is still licking its wounds after the Reserve Bank's minutes hinted an August rate cut could be on the horizon.

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Construction firm CIMIC Group has booked a net profit for the first six months of its fiscal year of $265.2 million - up 3.1 per cent on the result a year earlier.

The Australian share market has run out of steam to close lower after eight straight sessions of gains.

As part of its series of interviews with top WA business leaders, Business News joined Broadspectrum chairman and Wesfarmers board member Diane Smith-Gander for lunch at the newly opened Julio’s restaurant in West Perth. A champion of gender equity, Ms Smith-Gander shared her thoughts on topics including the WA economy, her use of Twitter, and work-life balance.

After eight straight sessions of gains, the Australian share market has opened flat, with a mixed performance by the big banks and miners.

Oil prices have settled more than one per cent lower after rising stockpiles of crude and refined fuel intensified fears another major glut was building up.

Gold has fallen as much as one per cent as Wall Street hovered near record highs and investor jitters calmed following a failed coup attempt in Turkey.

Wall Street has closed slightly higher to mint new record highs for the S&P 500 and the Dow industrials, fuelled by Bank of America's better-than-expected profit and a major tech sector acquisition.

The Australian dollar is treading water as traders await the Reserve Bank's monthly board meeting minutes.

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PHOTO ESSAY: Business News photographer Attila Csaszar captured images of some of WA's business and political leaders at their workstations.

Indian businessman Pankaj Oswal admits he benefited from some payments using Australian fertiliser company money, a court has heard.

The Australian share market has opened higher.

Oil prices have extended gains after Turkey's armed forces said they'd taken power in the country, igniting concerns about potential disruptions to shipments along one of the world's busiest shipping routes.

Gold has fallen on improving global risk sentiment and a stronger US dollar after better-than-expected US data.

The Australian dollar has reversed gains made after a short-lived spike sparked by a flurry of strong Chinese economic data.

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Expectations of more economic stimulus from central banks and better-than-expected Chinese economic growth figures have helped lift the Australian share market to its highest level in 11 months.

The Australian share market has opened higher.

The Australian dollar has held onto gains driven by official June jobs report.

Financial stocks have led the S&P 500 and the Dow industrials to record highs after JPMorgan's strong quarterly results, while upbeat economic data cemented bets that the current rally on Wall Street can chug along.

Oil prices have risen close to two per cent as traders cover short positions a day after crude futures were hammered by data showing weak US fuel demand in a busy summer driving season that heightened fears about a global oil glut.

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The share market has closed higher for a sixth straight session as investors see better value in the equity market than in bonds.