Gold has given back most of its losses as the US dollar has pared gains and bullion shrugs off earlier pressure from US Federal Reserve officials' comments that raised expectations of an interest rate rise in March.
The Australian dollar is slightly lower against its US counterpart with markets in wait-and-see mode ahead of US president Donald Trump's keenly awaited address to Congress and local economic growth data.
Oil prices have slipped but have continued to trade in a tight range, as concerns about rising US crude inventories ahead of data overshadowed OPEC production cuts.
The price of gold has turned downward as the US dollar comes off its lows and financial markets await US President Donald Trump's speech to Congress regarding his policies on tax reforms and government spending.
Shares in WorleyParsons have soared after the engineering group confirmed it had rejected a takeover bid from a Dubai-based professional services group, which has since emerged as a large shareholder.
US stocks have ended slightly higher and the Dow has closed at a record high for a 12th straight session after President Donald Trump said he would make a "big" infrastructure statement.
Spot gold has fallen after tapping a 3-1/2-month high as US Treasury yields rose and investors waited for US President Donald Trump to outline plans for tax cuts, infrastructure spending, levies on imports and foreign policy.
Oil prices have fallen per cent after US crude inventories rose for a seventh week, showing that the market is still struggling to ease oversupply despite many producers' efforts to rein in production.
Gold has reached its highest in 3-1/2 months as the dollar fell to a one-week low after the new US Treasury chief poured cold water on the "Trumpflation trade" that had boosted the greenback this year.
The Australian share market is lower, pulled back for a second successive session by significant falls among the big miners, with weakness among the big four banks further prodding the retreat.
Oil prices have risen but gains have been pared after US government data shows a seventh straight build in crude stocks, suggesting high inventories could undermine OPEC's move to cut output.
Gold prices have lifted 1 per cent to a three-and-a-half-month high after minutes from the latest Federal Reserve policy meeting further dampen expectations for an interest rate rise in March, lowering US bond yields and pressuring the US dollar.
The share market has lost ground on another busy day of company earnings reports, as a fall in commodity prices weighed on the big miners, and Rio Tinto traded without its latest dividend.
Oil prices have fallen 1.5 per cent on expectations of another surge in US inventories, retreating from multi-week highs hit in the previous session after OPEC signalled optimism over its deal with other producers to curb output.
Gold has turned higher as the dollar has shifted lower on Wednesday, after minutes from the last US Federal Reserve meeting showed uncertainty among policymakers about the new Trump administration's economic program.
