Gold prices have fallen more than one per cent from the previous session's 13-month high as relief that North Korea did not conduct a missile test over the weekend helped to lift global stocks, the US dollar and bond yields.
The Australian share market has closed higher as investors took some comfort from North Korea refraining from any more provocative missile launches over the weekend.
The Australian share market is higher in early trading as heavy falls from the mining giants are offset by strong gains by the heavyweight banks and healthcare sectors.
The Australian dollar is almost half a cent lower against its US counterpart, falling back from its 81 US cents of Friday, despite the greenback itself weakening.
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US crude prices have tumbled down more than three per cent on worries that energy demand would be hit hard as Hurricane Irma, one of the most powerful storms in a century, headed toward Flori
Gold has held near its highest in more than a year as the US dollar dropped and weak economic data lowered expectations of a December interest rate rise in the United States.
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The Australian dollar is sharply higher against its US counterpart and well above the 80 US cent mark after European Central Bank commentary failed to announce any tapering of its bond-purchasing program.
Gold prices have risen to a one-year peak after the US dollar tumbled on the back of weak US jobs data and an unchanged growth and inflation outlook from the European Central Bank.
Despite a good start to the session, the Australian share market has closed steady as investors worry about the possibility of another North Korean missile test on Saturday, the anniversary of the country's founding.
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The Australian dollar has crept higher against its US counterpart, recouping a little of its loss following weaker-than-expected economic growth figures and gains in the greenback.
Oil prices have risen more than per cent as strong global refining margins and the reopening of US Gulf Coast refineries provided a more bullish outlook after sharp drops due to Hurricane Harvey.
Gold prices have fallen from the one-year high hit in the previous session as concerns over a potential US government shutdown eased and the dollar rose against the safe-haven yen.
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Gold prices have climbed to a one-year high on Tuesday as the US dollar eased and safe-haven buying demand remained robust due to continued concerns over North Korea's nuclear tests.
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Crude oil prices rose and gasoline fell by about three per cent on Tuesday as the gradual restart of refineries in the US Gulf that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.
The Australian share market has overcome a poor start to close slightly higher, helped by a late rally in bank stocks and support for the miners on the back of recent improvements in commodity prices.
The Australian market has opened lower, following the negative lead of international bourses with investors unnerved by North Korea's nuclear missile test.
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Brent crude prices have fallen while US crude oil prices have edged higher and petrol prices have slumped to pre-Hurricane Harvey levels, as oil refineries and pipelines in the US Gulf Coast slowly resumed activity, easing supply concerns.
The Australian dollar has slipped against its US counterpart, which also fell, but less so, as gold and defensive currencies fared better than equities and bonds amid quiet markets.
Gold prices have shot up to their highest levels in close to a year as investors bought safe-haven assets on worries that North Korea might launch more missiles after Sunday's nuclear test.
