Gold hit a near one-week peak as investors sought cover from market turmoil after Britain's long-awaited draft agreement to leave the European Union was thrown into chaos, helping the metal hold its ground against a rising dollar.
The state government has approved the use of recycled construction and demolition (C&D) waste as road base for the Kwinana Freeway widening project, seven years after the Barnett government’s attempt to do the same thing foundered.
Australian shares have eked out modest gains at the open despite an overnight sell-off on Wall Street, with healthcare and mining stocks lifting in early trade, though the banks were weighing on the bourse.
Wall Street stocks have declined, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the US House of Representatives.
Oil has bounced nearly two per cent, recouping some of the previous session's heavy sell-off, on the growing prospect that the Organisation of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up the market.