The Australian share market has opened slightly weaker despite a stronger close on Wall Street in the wake of optimistic comments by Federal Reserve Chair Janet Yellen about the US economy.
Gold fell to a 10-day low on Tuesday as global shares rose and expectations that Britain could vote to leave the European Union in Thursday's referendum receded.
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A rise among most of the big banks has helped give a modest boost to the Australian share market as investors exercise caution ahead of the UK poll on whether Britain should leave the European Union.
The Australian share market has opened flat despite Wall Street and European markets rallying on increased expectations Britons will vote to stay in the European Union.
Gold fell after polls showed the campaign for Britain to remain in the European Union regaining some momentum, sharpening appetite for assets seen as higher risk and sparking a sharp rally in stocks.
Gains by the major banks, energy stocks and big miners have helped push the Australian share market well over one per cent higher as the oil price lifted and investors considered an improved likelihood of Britain staying in the European Union.
The Australian share market has opened higher, led by financial and resource companies, including Macquarie Group, Commonwealth Bank, Rio Tinto and BHP Billiton.
The Australian bond market is down with sentiment remaining stronger after weekend Brexit campaigns were suspended in the wake of the killing of a British MP.
Gold rose more than one per cent on Friday, supported by a softer dollar and cautious interest rate comments by a voting US Federal Reserve policy member, and was headed for a third week of gains.
Gold turned lower on Thursday, as sterling bounced higher and US stock markets came well off their lows following the suspension of Britain's campaign for next week's referendum after a member of Parliament was shot dead.
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Wall Street has closed higher as investors digest the implications of a British MP's death on the country's referendum on whether to leave the European Union.
Close to $1 billion has been added to Crown Resorts' market value as investors speculate a demerger of the casino operator will enable billionaire James Packer to privatise part of the group.
Women are being appointed to ASX200 boards at a faster rate than ever, but a number of major Western Australian companies remain without any female representation on their boards.
The US dollar has fallen along with bond yields after the Federal Reserve left US interest rates unchanged and hinted at a less aggressive outlook for rates.
