Business
ASX to rise, Wall St stumbles, gold loses lustre – The Australian Financial Review
Australian shares are poised to open higher, despite weakness on Wall Street and in oil, iron ore and gold. $A slips on rising $US. Bitcoin eyes $US60,000.
Benchmark oil is flirting with a $US63 a barrel handle, gold slid below $US1700 an ounce. Bitcoin was hovering near $US59,000 shortly after 5am AEDT.
Its been a particularly tough time for gold and Capital Economics John Higgins sees more hurdles: We expect the price to fall further as the US real yield curve continues to steepen.
Mr Higgins sees the price of gold sliding towards $US1600 by the end of 2021.
The Washington Post reported that President Joe Biden is poised to detail plans to spend…
-
Noosa News22 hours ago$20 million program to help women return to work
-
General18 hours agoAustralia’s Diamonds defeat South Africa’s Proteas 65-42 in third netball Test
-
Noosa News22 hours agoSerious traffic crash, Noosa – Sunshine Coast
-
General19 hours agoThousands join pro-Palestinian rallies in towns and cities across Australia amid ceasefire