The local share market has handed back the previous session's gains with interest, after stock-specific shocks and mining sector selling weighed on sentiment.
Officials from the United States and China are working on a potential deal to pause steeper tariffs and rare earths export controls ahead of a leaders' meeting.
Australia's share market has limped to the finish line in an almost flat session but held onto some of the week's gains that took it to all-time highs.
Australia's share market has handed back the previous day's record-breaking gains with interest, after plunging gold prices prompted a mining sector sell-off.
Gold's interstellar run has spectacularly fallen back to earth in its biggest daily price drop since 2013, as a mining sector pullback drags on the bourse.
A mining sector rally has pushed the local share market to record highs, as gold continued to soar and a US-Australia critical minerals deal bolstered local rare earths producers.
A US review of the AUKUS security pact is still yet to be finalised, but there is optimism within Labor of the Trump administration keeping the agreement.
Australia's share market has failed to hang on to record-breaking gains after worries about US financial stability and an ongoing trade stoush sent investors towards safe havens.
Australia's share market has pipped its intraday record and highest-ever close, after surprise jobs figures bolstered the likelihood of an interest rate cut.
Strong performances from banks and miners have helped lift Australia's stock market to a second-straight session of gains, as gold hit yet another record high.