Wall Street has stumbled for a third straight session as tech stalwarts Microsoft and Apple dragged on indexes and investors braced for major economic and political events in the United States and Europe.
Gold rose for the fourth straight session and hit its highest since mid-May on Monday, driven by rising investor risk aversion before central bank meetings this week and Britain's June 23 vote on whether to leave the European Union.
World stock markets have fallen, while the safe-haven yen firmed amid concerns that Britain may be on the verge of voting to leave the European Union in a referendum that is two weeks away.
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The Australian stockmarket was spared volatile trading today thanks to a public holiday in the eastern states, as Asian stocks fell the most in more than four months and the Japanese yen jumped as risky assets took a hammering.
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The share market has closed slightly lower as higher prices for iron ore and oil boosted most major mining and energy stocks, but the banks went backwards.
Gold has risen more than one per cent to a three-week high, bolstered by a weaker US dollar on declining expectations that the Federal Reserve will raise interest rates any time soon.
Stocks have broadly gained, helped by buoyant oil prices, a day after Federal Reserve Chair Janet Yellen pushed back expectations for an interest rate increase without raising concerns over the strength of the world's largest economy.
Gold has inched fractionally lower, but has held near the previous day's two-week high after the Federal Reserve further dampened speculation about an imminent US rate rise.
Stocks have gained on markets worldwide, while the US dollar edged lower against major currencies after Federal Reserve Chair Janet Yellen said US interest rate hikes are likely on the way, but made no reference to the timing of any increase.
