Business
8@eight: ASX set to rise as Wall Street bounces; $A jumps – Sydney Morning Herald
What happened overnight and what is ahead for the Australian sharemarket.
The US Dollar was lower, but largely as a result of a move into the Euro and the Yen. US Treasury yields edged higher, but European yields tumbled. And commodity prices were generally higher, but gold prices have continued to surge.
3. All eyes on gold as it records fresh all-time highs: The markets attention was fixated on gold prices yesterday. The yellow metal surged to a new all-time high, smashing through the previous record of $US1921 set in 2011. Certainly helped along by the depreciatin…
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