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.
Medibank ‘hid’ charges to boost IPOThousands of documents, including minutes of meetings, emails and interviews with Medibank Private executives, reveal a
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.
Labor to beef up ACCCBusiness will face tougher $10 million penalties from a beefed-up competition watchdog, under a Bill Shorten Labor government if elec
Gold hit its highest in almost six weeks on Tuesday, rising on worries about a potential British exit from the European Union and expectations the U.S. Federal Reserve will not raise interest rates at its June meeting.
Wall Street has dropped for a fourth straight session as central bank policymakers weighed the health of the US economy and investors worried about an upcoming vote in Britain on whether to leave the European Union.
Brexit fears rattle ASXMounting support for Britain to leave the European Union has struck financial markets around the world, including Australia, where shares were sold
The Australian share market has fallen nearly 2 per cent to a seven-week low, wiping out $27 billion in value, amid concerns about US interest rates and the Brexit vote.
