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US petrol futures have jumped four per cent while crude prices are mixed after a hurricane shut down 16 per cent of the country's refining capacity, curbing fuel production and further bloating crude inventories.
Gold has jumped to its highest since November, extending the prior day's rally above $US1,300 per ounce as investors bought bullion as insurance against falling prices of other assets after North Korea tested a ballistic missile over Japan.
Gold has rallied to a 9-1/2-month high, breaching $US1,300 per ounce as the dollar fell and the euro rose after the head of the European Central Bank (ECB) said that the euro zone's economic recovery had taken hold at a meeting of central bankers.
The Australian dollar has surged against its US counterpart which has fallen further with Federal Reserve chair Janet Yellen's making no mention of monetary policy at or since the Jackson Hole central bankers meeting.
Commonwealth Bank of Australia will face an inquiry by the prudential regulator after a series of issues at the country's largest bank prompted concerns about its governance, culture and accountability.
Gold has firmed after US Federal Reserve Chair Janet Yellen made no mention of monetary policy in her much-anticipated speech, while investors awaited clues from European Central Bank President Mario Draghi.
Oil prices have risen nearly one per cent as the US dollar fell and the US Gulf Coast braced for Hurricane Harvey, on track to become the biggest storm to hit the United States mainland in more than a decade.
The Australian dollar is higher against its US counterpart after speeches at the Jackson Hole, Wyoming central bankers meeting disappointed with little on monetary policy, prompting the greenback to fall.
The Ten Network Holdings' billionaire shareholders Lachlan Murdoch and Bruce Gordon have been given the all-clear by the competition watchdog to make a joint takeover bid for the troubled free-to-air broadcaster.
The dual citizenship debacle engulfing Australian politics will return to the High Court in Canberra for a hearing on October 10, 11 and 12 as the legitimacy of several parliamentarians remains uncertain.