Safe-haven gold pierced the $US1,900 per ounce ceiling on Friday for the first time since 2011 as a worsening US-China row added to fears over the hit to a global economy already reeling from the coronavirus pandemic.
The state government has announced changes to the construction commencement criteria of its Building Bonus stimulus package, off the back of a 211 per cent increase in sales in June.
Corporate finance group Argonaut has rejoined the funds management sector, with executive director David Franklyn saying investors need to rethink their approach to the resources sector.
The state government has again pushed back further easing of coronavirus restrictions to August 15, with Premier Mark McGowan noting the serious situation in Victoria and NSW.
Hassell principal Peter Lee has stepped down from the architecture firm's international board after 16 years, to focus on his contributions to the Perth market.
In their weekly podcast Mark Pownall and Mark Beyer discuss the market update, economic impact, Tattarang, apartment knockback, environmental laws, Griffin Coal, and our special feature on WA's funds management sector.
Stavely Minerals says it will use $28 million raised to progress the company's flagship copper-gold project in Victoria, while Lion One Metals has sought funds for its Fijian gold project.
Scott Millar did not have a lot of experience or credentials at the age of 14 when, spurred on by a school project, he started selling trinkets and jewellery at his local markets.
Mineral Resources has achieved record iron ore production for the June quarter, while Western Areas says its nickel output fell just below the company's full-year guidance.
Oil prices fell 2 per cent overnight as investors worried the US Congress may not agree on a stimulus package and as jobless numbers rose, while analysts prepared to cut energy demand forecasts as the number of coronavirus cases surges higher.
Gold prices jumped more than 1 per cent, just shy of the $US1,900 level overnight, boosted by an easing US dollar and hopes for more stimulus to revive virus-hit economies, while a rise in US jobless claims raised concerns of a slower economic recovery.
The ASX has closed higher after Treasurer Josh Frydenberg delivered a budget update that showed a deficit that was not as high as the market had feared.
Northern Star Resources has achieved record gold output for the June quarter, with production from its Australian operations up 6.5 per cent on the same time last year.
Newcrest Mining has achieved its production guidance for the 2020 financial year, however, the goldminer's full-year output was 13 per cent down on the prior year.
Takeover target Cardinal Resources has received a higher purchase offer from China-based Shandong Gold, after competing buyer Nordgold upped its bid last week.
