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Skills crunch fears rising

Gold up 1% on attack on Saudi facilities

Gold gained 1.0 per cent overnight after attacks on oil facilities in Saudi Arabia fuelled concerns of a further escalation in Middle East tensions and pushed investors toward safe-haven assets.

Oil up nearly 15% on Saudi facility strike

Oil ended nearly 15 per cent higher overnight, with Brent logging its biggest jump in more than 30 years and a record trading volumes, after an attack on Saudi Arabian crude facilities cut the kingdom's production in half and intensified concerns of retaliation in the Middle East.

ASX flat as oil companies, goldminers gain

The Australian share market has finished marginally higher as gains by oil companies and goldminers outweighed declines elsewhere in the wake of a drone attack on two Saudi Arabian oil facilities.

Nadal to play ATP Cup in Perth

Rafael Nadal will head to Western Australia this coming January as part of the first ATP Cup, although the state will miss out on hosting the Australian team, which is set to play its preliminary games in Brisbane.

Morning Headlines

Drone strikes hit Saudi oil

Gold retreats on upbeat shares, yields

Gold prices eased on Friday, heading for a third straight weekly fall, as positive US retail sales data and hopes for a thaw in China-US trade tensions lifted equities and yields to multi-week highs.

Oil tipped to rise after attack on Aramco

Oil prices edged lower on Friday and posted weekly losses as concerns about slower global economic growth outweighed hints of progress in the US-China trade dispute but an attack on Saudi Arabia's oil facilities on Saturday was expected to result in increased prices.

ASX closes up for fourth straight week

The Australian share market has closed slightly higher, rising for a third straight day following positive US-China trade developments overnight and the resumption of quantitative easing in Europe.

Morning Headlines

ACCC opens up fast, loose Teoh world

Palladium at all-time high on supply angst

Palladium prices have hit an all-time high on concerns over tight supplies of the autocatalyst metal due to possible labour issues in South African mines, while gold shed earlier gains on fresh hints of progress in the US-China trade dispute.

Oil prices fall on US-China trade doubts

Oil prices have fallen about 1.0 per cent after a media report cast doubt on the possibility of an interim US-China trade deal and as a meeting of the OPEC alliance yielded no decision on deepening crude supply cuts.

ASX gains but can't sustain early surge

The Australian share market has given up most of its early gains, with tech stocks and consumer staples turning around to finish the day in the red.

Gold price climbs on rate cut bets

Gold has risen on expectations of monetary policy easing by top central banks while global growth risks continue to linger, although improved appetite for riskier assets capped bullion's gains and kept it near a four-week low.

Oil prices dip following Trump-Iran report

Oil prices have tumbled more than 2.0 per cent after a report that US President Donald Trump weighed easing sanctions on Iran, which could boost global crude supply at a time of lingering worries about global energy demand.

Morning Headlines

TPG’s David Teoh admits 5G plans were vague

Miners and banks help prop up ASX

The ASX has posted modest gains as gains by mining stocks and the banking sector outweighed declines by consumer staples and tech stocks.

ASX opens higher on mining, banking boost

The ASX has opened higher as the resources sector and major banks post solid early gains.

Morning Headlines

WA eyes TAB sale as $1.4b deal sealed 

Oil dips on prospect of new Iran exports

Oil prices edged lower overnight after US President Donald Trump fired national security adviser John Bolton, who took a strident stance against Iran, raising speculation of a return of Iranian crude exports to the market.

Bond yields, dollar, dent safe haven gold

Gold prices have fallen to their lowest level in nearly a month as rising bond yields and the dollar dented the allure of safe-haven assets.

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